Why is AGS Transact falling/rising?

As of 09-Jul, AGS Transact Technologies Ltd is experiencing a price increase, currently at 6.32, which reflects a rise of 0.12 or 1.94%. The stock has shown strong performance recently, gaining 40.44% over the last eight days and outperforming its sector by 2.69% today. In the past week, the stock has surged by 23.44%, while its one-month return stands at 22.72%. However, despite this short-term rally, the company faces significant long-term challenges, including a high Debt to EBITDA ratio of 3.33 times and a very negative PAT of Rs -194.26 crore, indicating weak profitability and a decline in net sales of 40.4%. The company has not declared results in the last six months, contributing to concerns about its financial health.
In the broader market context, AGS Transact's recent gains contrast sharply with its long-term performance, as it has underperformed the benchmark Sensex significantly, with a year-to-date return of -90.39% compared to the Sensex's 6.91%. While the stock's short-term performance has been impressive, the overall trend shows consistent underperformance against the benchmark over the past three years. This juxtaposition highlights the volatility and risk associated with AGS Transact, as it struggles with negative operating profits and a lack of investor confidence, reflected in the declining delivery volume.