Why is Vas Infra. falling/rising?

As of 07-Jul, Vas Infrastructure Ltd is experiencing a price increase, currently at Rs 9.71, reflecting a rise of Rs 0.46 or 4.97%. The stock has shown strong performance, with a 1-year return of 178.22%, significantly outperforming the BSE500 index. Today's price summary indicates that the stock is close to its 52-week high, just 3.91% away from Rs 10.09. Additionally, it has outperformed its sector by 5.07% today and is trading above all key moving averages. However, despite these positive indicators, the company faces challenges such as a negative book value and a high debt-to-equity ratio, which contribute to concerns about its long-term fundamental strength. The recent decrease in promoter stake by 1.46% may also signal reduced confidence in the company's future.
In the broader market context, Vas Infrastructure's short-term return of 3.30% over the past week contrasts sharply with the Sensex, which has declined by 0.20%. This indicates that the stock is not only performing well on its own but is also gaining traction relative to the broader market. The significant increase in delivery volume, which rose by 362.99% against the 5-day average, suggests rising investor participation, further supporting the stock's upward movement. Overall, while the stock is currently rising, the underlying financial weaknesses and promoter confidence issues present a complex picture for potential investors.