Why is Banka Bioloo falling/rising?

As of 11-Aug, Banka Bioloo Ltd's stock price is currently at 87.51, reflecting an increase of 0.94 or 1.09%. The stock has shown strong performance in the short term, with a 10.66% increase over the past week and a notable 24.75% rise over the past month. However, despite this recent upward trend, the company has declared negative results for the last four consecutive quarters, indicating weak long-term fundamental strength with a significant decline in operating profits and a high debt to EBITDA ratio. Additionally, while the stock is trading above its moving averages, there has been a concerning drop in investor participation, with delivery volume falling by 36.94% against the five-day average.
In the broader market context, Banka Bioloo has outperformed the Sensex by 0.83% today, but it has underperformed the market over the past year, with a return of -33.27% compared to the benchmark's -1.85%. This stark contrast highlights the stock's volatility and the challenges it faces despite recent gains. The company's weak profitability, as evidenced by a low return on equity and negative EBITDA, raises concerns about its sustainability in the long term, which could impact investor sentiment moving forward.