Why is SJVN falling/rising?

As of 25-Jun, SJVN Ltd. is experiencing a price increase, currently at Rs 100.75, reflecting a rise of Rs 2.25 or 2.28%. The stock has shown strong performance recently, gaining 7.77% over the last four days and outperforming its sector by 1.18% today. It reached an intraday high of Rs 102.25, indicating positive momentum. However, despite these short-term gains, the stock has underperformed over the longer term, with a year-to-date return of -3.50% and a significant decline of -22.02% over the past year. The company faces challenges such as weak long-term fundamental strength, a high Debt to EBITDA ratio, and negative quarterly results, which contribute to its overall negative outlook.
In the broader market context, SJVN's recent short-term performance contrasts with the benchmark Sensex, which has increased by 1.61% over the past week and 5.91% year-to-date. While SJVN's 1-week return of +4.92% is favorable compared to the benchmark, its long-term performance remains concerning, especially given the negative returns over the past year. The stock's valuation appears expensive relative to its fundamentals, and despite recent gains, the underlying financial issues may hinder sustained growth, suggesting that investor sentiment could be cautious moving forward.