Why is T N Telecom. falling/rising?

As of 10-Jul, Tamil Nadu Telecommunications Ltd's stock price is rising, currently at Rs 24.87, reflecting an increase of 1.18 (4.98%). The stock has reached a new 52-week high today and has been on a consecutive gain streak for the last nine days, resulting in an impressive 118.35% return during this period. Additionally, the stock has outperformed the sector by 4.52% today and has shown remarkable long-term performance, with a 158.26% increase over the past month and a 100.89% rise year-to-date. However, despite these positive movements, the company has a negative book value and weak long-term fundamental strength, with stagnant net sales growth and a high debt-to-equity ratio, which could pose risks to its future performance.
In the broader market context, the stock's short-term performance is significantly better than the benchmark, as it has gained 27.47% over the past week while the Sensex has remained nearly flat at -0.06%. This stark contrast highlights the stock's strong momentum relative to the market. Despite its recent gains, the company faces challenges such as negative EBITDA and declining profits, which may affect investor sentiment moving forward. Overall, while the stock is currently rising, the underlying financial issues could lead to caution among investors in the long run.