Why is Popular Estate falling/rising?

As of 17-Jul, Popular Estate Management Ltd is experiencing a price increase, currently at 22.90, which reflects a rise of 0.85 or 3.85%. The stock has shown strong performance recently, outperforming its sector by 4.98% today and has gained 9.52% over the last three days. However, despite these positive movements, the stock has a concerning backdrop with a negative EBITDA and a decline in profits over the past year, which could indicate underlying risks. The stock's performance over the past week shows a significant increase of 14.67%, contrasting with a slight decline of 14.96% over the past month, suggesting volatility in its short-term performance.
In the broader market context, while Popular Estate Management Ltd has outperformed the Sensex by a considerable margin in the short term, the benchmark has shown a decline of 1.12% over the past week. Year-to-date, the stock has returned 17.32%, significantly higher than the Sensex's 5.27%. This disparity highlights the stock's recent strength despite its longer-term challenges, including falling investor participation and a notable drop in delivery volume. The stock's liquidity remains adequate, but the overall risk associated with its negative EBITDA and stagnant profits may temper investor enthusiasm moving forward.