Why is Popular Estate falling/rising?

As of 15-Sep, Popular Estate Management Ltd's stock price is currently at Rs 21.99, reflecting an increase of Rs 1.04 or 4.96%. The stock has shown a trend reversal by gaining after four consecutive days of decline, outperforming its sector by 5.43% today. Despite this positive movement, the stock has experienced a significant drop of 16.99% over the past year and has underperformed against the BSE500 in both the short and long term. Additionally, the stock is trading at risky levels compared to its historical valuations, with negative EBITDA and flat results reported on June 25. The delivery volume has also fallen sharply, indicating declining investor participation. In the broader market context, the stock's performance over the past week has been negative at -5.54%, while the Sensex has gained 1.24%. However, over the past month, Popular Estate has outperformed the benchmark with a return of 10.67% compared to the Sensex's 1.47%. This suggests that while the stock has shown some short-term recovery, its long-term performance remains concerning, especially given the negative trends in profitability and investor engagement.