Why is Banka Bioloo falling/rising?

As of 18-Jul, Banka Bioloo Ltd is currently priced at 69.15, reflecting an increase of 0.26 or 0.38%. Despite this slight uptick today, the stock has shown a negative performance over the past week, down 1.43%, and has significantly underperformed over the past month and year, with declines of 7.34% and 47.27%, respectively. The stock is trading below its moving averages across various timeframes, indicating a bearish trend. However, there has been a notable increase in investor participation, with delivery volume rising by 77.91% against the 5-day average. The company's financial health is concerning, as it has reported operating losses and a high debt-to-EBITDA ratio of 3.77 times, which contributes to its weak long-term fundamental strength.
In the broader market context, while Banka Bioloo has outperformed its sector by 0.87% today, it has still lagged behind the benchmark Sensex, which has shown a slight gain of 0.63% over the past month. The stock's long-term performance is troubling, with a return of -11.00% over three years compared to the Sensex's gain of 53.38%. The company's negative results over the last three quarters and a low return on equity of 3.66% further underscore its struggles, suggesting that while there may be short-term fluctuations, the overall outlook remains bleak.