Why is Puravankara falling/rising?

As of 12-Aug, Puravankara Ltd's stock price is currently at Rs 263.80, reflecting an increase of Rs 6.45 or 2.51%. Today's performance indicates a trend reversal as the stock has gained after five consecutive days of decline. It reached an intraday high of Rs 275, showcasing a significant rise of 6.86%, although it also experienced a low of Rs 251.5, indicating high volatility with an intraday fluctuation of 6.58%. Despite this short-term gain, the stock has underperformed over the past week and month, with returns of -6.78% and -8.42%, respectively. The company has faced substantial challenges, including negative results for the last three quarters and a significant decline in profits, which has contributed to a weak long-term fundamental outlook.
Broader market context shows that while Puravankara's stock has risen today, it has significantly underperformed the benchmark, with a one-year return of -43.49% compared to the Sensex's gain of 0.74%. This stark contrast highlights the stock's struggles relative to the broader market, as it has not only lagged behind the benchmark but also exhibited a negative trend over the past year. The lack of domestic mutual fund investment further underscores investor hesitance, suggesting that the stock's recent uptick may not be indicative of a sustainable recovery given its ongoing financial difficulties and low profitability metrics.