Why is PSP Projects falling/rising?

As of 16-Jul, PSP Projects Ltd's stock price is rising, currently at Rs. 831.70, reflecting an increase of 4.6 (0.56%). The stock has been on an upward trend, gaining for the last three days and achieving a total return of 10.1% during this period. It has also reached a new 52-week high of Rs. 840.85 today. In terms of performance, the stock has outperformed the market significantly, with a 21.24% return over the past year compared to the BSE500's return of only 0.47%. Despite the positive short-term performance, the company faces challenges, including a declining operating profit over the last five years and negative results for the past six consecutive quarters, which may raise concerns among investors.
Broader market context shows that PSP Projects has outperformed the benchmark Sensex in the short term, with a 9.92% return over the past week while the Sensex has declined by 1.08%. This strong performance is supported by rising investor participation, as indicated by a significant increase in delivery volume. However, the stock's long-term growth prospects are questionable due to its low return on equity and high valuation relative to peers, which could impact investor sentiment moving forward. Overall, while the stock is currently rising, underlying financial challenges may temper future growth expectations.