Why is Prime Property falling/rising?

As of 19-Sep, Prime Property Development Corporation Ltd is experiencing a price increase, currently at Rs 33.99, which reflects a rise of 1.0 or 3.03%. Today's performance indicates a positive trend as the stock has outperformed its sector by 2.73% and has reversed its previous two-day decline. It opened with a gain of 3.03% and reached an intraday high of Rs 33.99. However, the stock's performance over the year remains concerning, with a year-to-date decline of 12.51% and a negative return of 1.25% over the past year. The company is facing significant challenges, including operating losses and weak long-term fundamentals, which are impacting investor confidence. The recent negative financial results, including a drastic decline in net sales and profit after tax, further exacerbate the situation.
In the broader market context, the stock has shown a short-term return of 1.07% over the past week, which is better than the Sensex's return of 0.88%. However, despite this short-term outperformance, the stock's long-term outlook is troubling, with a weak ability to service debt and a poor return on equity of 3.1%. The stock is trading at a premium compared to its peers, which raises concerns about its valuation given the company's declining profits and operational challenges. Overall, while the stock is currently rising, the underlying financial issues and market conditions suggest a cautious outlook moving forward.