Why is Prabha Energy falling/rising?

As of 11-Jun, Prabha Energy Ltd is experiencing a significant rise in its stock price, currently at Rs 244.20, reflecting an increase of Rs 22.2 or 10.0%. The stock has recently hit a new 52-week and all-time high, outperforming its sector by 10.79%. Over the past week, it has gained 13.85%, and in the last month, it has surged by 37.38%. The stock has shown consistent performance, gaining for three consecutive days with a total return of 16.95% during this period. However, despite this positive movement, the company faces challenges such as operating losses and a weak long-term fundamental strength, indicated by a significant decline in operating profit and a high debt to EBITDA ratio, which raises concerns about its ability to service debt.
In the broader market context, Prabha Energy's short-term performance is notably strong compared to the Sensex, which has only increased by 1.87% over the past week. This stark contrast highlights the stock's robust momentum in a relatively stable market environment. However, it is important to note that the company has reported negative EBITDA and declining profits over the past year, which could pose risks to its future performance despite the current price rise. The stock's liquidity appears sufficient for trading, but the underlying financial weaknesses may temper investor enthusiasm in the long run.