Why is Welspun Investme falling/rising?

As of 29-Sep, Welspun Investments & Commercials Ltd is experiencing a price increase, with the current price at 1,081.00, reflecting a rise of 21.05 (1.99%). The stock has shown strong performance recently, gaining 5.98% over the last three days and outperforming its sector by 2.36% today. Over the past week, the stock has risen by 4.93%, and it has consistently outperformed the BSE500 over the last three years, with a remarkable 247.81% increase. However, despite these positive returns, the company faces challenges, including reported operating losses and a negative net worth, which raise concerns about its long-term fundamental strength. In the broader market context, while Welspun Investments has outperformed the Sensex by a significant margin in the short term, with a 15.11% increase over the past month compared to the Sensex's 0.70%, the overall market sentiment appears mixed. The stock's liquidity remains adequate, but a notable decline in delivery volume suggests a potential decrease in investor participation. Additionally, the company's high valuation, indicated by a Price to Book Value of 0.5 and a PEG ratio of 5.3, raises questions about sustainability, especially given its recent flat financial results.