Why is Popular Estate falling/rising?

As of 26-Sep, Popular Estate Management Ltd is experiencing a price increase, currently at Rs 23.44, which reflects a rise of 1.04 or 4.64%. The stock has shown strong performance recently, gaining 15.07% over the last three days and outperforming its sector by 7.01% today. It opened with a gain of 5% and reached an intraday high of Rs 23.52. However, despite these short-term gains, the stock has a concerning long-term performance, with a return of -23.57% over the past year and a negative EBITDA, indicating that it is trading at a risky valuation compared to its historical averages.
In the broader market context, the stock's recent performance contrasts sharply with the Sensex, which has declined by 2.66% over the past week. While Popular Estate has outperformed the benchmark in the short term, its long-term underperformance, particularly over the last year and three years, raises concerns. Additionally, the falling investor participation, as evidenced by a significant drop in delivery volume, suggests that while the stock may be gaining in the short term, there are underlying issues that could affect its sustainability.