Why is RDB Real Estate falling/rising?

As of 03-Jul, RDB Real Estate Construction Ltd's stock price is currently at 205.20, reflecting an increase of 4.0 or 1.99%. The stock has recently hit a new 52-week and all-time high, and it has outperformed its sector by 2.34%. Over the past 21 days, the stock has shown a remarkable gain of 51.05%, and it is trading above all key moving averages. However, despite this positive price movement, the company faces significant challenges, including operating losses and a weak long-term fundamental strength characterized by a -34.78% annual growth rate in operating profit over the last five years. The company also has a high debt-to-equity ratio and has reported a substantial decline in profitability, with a PAT of Rs -3.39 crore, indicating a -736.6% change compared to the previous four-quarter average.
In the broader market context, RDB Real Estate's short-term return of +10.32% over the past week significantly outpaces the Sensex, which has seen a decline of -0.62% during the same period. This suggests that the stock is gaining traction among investors despite its underlying financial difficulties. The rising investor participation, evidenced by an increase in delivery volume, may indicate growing interest or speculation in the stock, even as its fundamentals remain weak. Overall, while the stock is experiencing a positive price movement, the underlying financial issues could pose risks for sustained growth.