Why is Philippine inflation rising?

Why the shares of Unitech Ltd is rising so drasticly even though inflation is so high?

• Basis of rising of shares is whether the co. has pocketed a much profitable contract or whether the co. has entered into new areas having anormous profitable chances or it is only effect of market trading

• Answer:

  Shares rise when people perceive they have value. It is all about perception, which has a lot to do with marketing. However, it's possible that the company is well managed and is doing well. In which case, people can perceive that and it will lead to a run up in stock prices.