Why is Telogica falling/rising?

As of 30-Jun, Telogica Ltd's stock price is currently at 13.98, reflecting an increase of 0.65 or 4.88%. The stock has been on an upward trajectory, gaining for the last 12 days and achieving a remarkable 50% return during this period. It has outperformed its sector by 2.4% today, and its performance over the past week shows a significant increase of 27.21%, while the one-month return stands at 33.14%. Additionally, promoter confidence has risen, with a 3.55% increase in their stake, indicating strong belief in the company's future. However, the company faces challenges with a negative book value and a high Debt to EBITDA ratio, which raises concerns about its long-term sustainability.
In the broader market context, Telogica's short-term performance significantly outpaces the benchmark, with the Sensex only rising by 2.09% over the past week. Despite this positive short-term movement, the stock has underperformed over the last year, with a decline of 33.62% compared to the market's 5.79% increase. This stark contrast highlights the stock's volatility and the risks associated with its negative book value, which may deter long-term investors despite the recent gains.