Why is Banka Bioloo falling/rising?

As of 20-Oct, Banka Bioloo Ltd's stock price is currently at 89.71, reflecting an increase of 2.17, or 2.48%. Today's price summary indicates that the stock has outperformed its sector by 1.81% and is trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages. Additionally, there has been a significant rise in investor participation, with delivery volume increasing by 429.48% compared to the 5-day average. However, the company has declared negative results for the last four consecutive quarters, including a substantial decline in operating profits and a high debt-to-EBITDA ratio, which raises concerns about its long-term fundamental strength and profitability.
In the broader market context, Banka Bioloo's short-term performance over the past week shows a return of +1.92%, which is lower than the Sensex's return of +2.44%. Despite the recent uptick in stock price, the company has underperformed significantly over the longer term, with a year-to-date return of -10.18% compared to the Sensex's +9.30%. This underperformance, coupled with the negative financial indicators, suggests that while there may be short-term gains, the overall outlook remains cautious due to the company's weak fundamentals and historical performance.