Why is Radaan Media. falling/rising?

As of 11-Jun, Radaan Mediaworks (I) Ltd is experiencing a price increase, currently at 4.93, with a change of 0.44, representing a 9.8% rise. The stock has shown strong performance recently, gaining 27.06% over the past week and 42.49% over the last month, significantly outperforming the Sensex, which only increased by 1.87% and 3.85% during the same periods, respectively. The stock has been on a consecutive gain streak for the last five days, and it is trading above its moving averages across multiple time frames. Additionally, the stock is technically in a mildly bullish range, supported by positive indicators such as MACD and Bollinger Bands. However, it faces challenges due to a negative book value and high debt levels, which could impact long-term growth.
Broader Market Context: In the context of the broader market, Radaan Mediaworks has outperformed the BSE 500 in both the short and long term, generating a remarkable 127.19% return over the past year compared to the Sensex's 7.92%. Despite this strong performance, the company’s fundamentals raise concerns, particularly its negative book value and high debt-to-equity ratio, which could pose risks in a falling market. The film production and entertainment sector has also seen gains, with a 3.65% increase, indicating a favorable environment for the industry, which may contribute to the stock's recent upward movement.