Why is TPI India falling/rising?

As of 04-Jul, TPI India Ltd's stock price is currently at Rs 18.99, reflecting an increase of Rs 2.01, or 11.84%. The stock has shown strong performance recently, gaining 16.79% over the last two days and outperforming its sector by 12.11% today. It reached an intraday high of Rs 20.21, although it also experienced significant volatility with a wide trading range of Rs 5.14. The company has reported positive results over the last three consecutive quarters, with net sales growing by 23.43% in the latest six months and achieving its highest operating profit margin at 9.27%. However, the stock's long-term fundamentals are concerning due to a negative book value and high debt levels, which may pose risks for investors.
In the broader market context, TPI India's short-term return of 11.71% over the past week significantly outperforms the Sensex, which has declined by 0.74% in the same period. While TPI India has shown positive momentum recently, its year-to-date performance remains negative at -5.05%, contrasting with the Sensex's gain of 6.77%. This divergence indicates that, despite recent gains, the stock's long-term outlook may be clouded by its weak fundamentals and high debt levels, which could affect investor sentiment moving forward.