Why is Banka Bioloo falling/rising?

As of 22-Jul, Banka Bioloo Ltd's stock price is currently at 83.66, reflecting an increase of 7.6, or 9.99%. The stock has shown strong performance today, outperforming its sector by 10.13%. Additionally, it has seen a significant rise in investor participation, with delivery volume increasing by 1002.47% compared to the 5-day average. However, despite this positive movement, the company has declared negative results for the last three consecutive quarters, indicating operating losses and a weak long-term fundamental strength. The high debt to EBITDA ratio of 3.77 times and a low return on equity of 3.66% further signify challenges in profitability, which could weigh on future performance.
In the broader market context, Banka Bioloo's short-term returns have been notably strong, with a 20.53% increase over the past week, while the benchmark Sensex has decreased by 0.54% during the same period. However, the stock has underperformed significantly over the longer term, with a year-to-date decline of 16.24% compared to a 5.99% increase in the Sensex. This stark contrast highlights the volatility and risk associated with Banka Bioloo, as it has generated negative returns of -36.21% over the past year, while the overall market has remained relatively stable.