Why is Puravankara falling/rising?

As of 30-Jun, Puravankara Ltd's stock price is rising, currently at Rs 300.00, reflecting an increase of Rs 11.95 or 4.15%. The stock has shown a strong performance today, outperforming its sector by 4.39% and opening with a gain of 3.45%. Over the past week, it has increased by 5.54%, and in the last month, it has risen by 15.74%. However, despite this recent uptick, the company has faced significant challenges, including a decline in net sales of 9.44% and negative results over the last two quarters, which have contributed to a year-to-date drop of 21.20%. The company's long-term fundamentals are weak, with a negative CAGR growth in operating profits and a high debt-to-EBITDA ratio, indicating difficulties in servicing debt and low profitability.
In the broader market context, while the stock has shown positive short-term returns, it has significantly underperformed the benchmark, the Sensex, which has gained 7.00% year-to-date. The stock's performance over the past year has been particularly poor, with a decline of 39.10% compared to the Sensex's 5.79% increase. This underperformance may be reflected in the lack of domestic mutual fund investment, suggesting a lack of confidence in the company's prospects. Despite the recent rise in stock price, the overall sentiment remains cautious due to the company's financial struggles and weak long-term outlook.