Why is Prime Property falling/rising?

As of 16-Sep, Prime Property Development Corporation Ltd is experiencing a price increase, with its current price at Rs 33.80, reflecting a rise of 1.18 (3.62%). The stock has shown a strong performance today, outperforming its sector by 2.57%, and reached an intraday high of Rs 33.80. In the past week, the stock has gained 3.36%, although it remains down 13.00% year-to-date. Despite this recent uptick, the company faces significant challenges, including operating losses and weak long-term fundamental strength, as evidenced by a poor EBIT to Interest ratio and declining net sales. The stock's valuation is considered expensive compared to peers, and its return on equity is low, which may contribute to investor caution.
Broader market context indicates that while Prime Property has outperformed the Sensex in the short term, with a 1-week return of 3.36% compared to the Sensex's 1.58%, the stock's year-to-date performance remains concerning. The broader market has shown a positive trend, with the Sensex up 5.43% year-to-date, contrasting with Prime Property's significant decline. This divergence highlights the stock's struggles despite recent gains, suggesting that investor sentiment may be influenced by the company's underlying financial issues and overall market conditions.