Why is Catvision Ltd falling/rising?

As of 11-Jul, Catvision Ltd's stock price is currently at Rs 22.49, reflecting an increase of Rs 1.25 or 5.89%. Today's performance indicates a positive trend as the stock has outperformed its sector by 6.35% and has gained after three consecutive days of decline. The stock reached an intraday high of Rs 22.79, marking a 7.3% increase. However, despite this short-term gain, the stock has shown a negative return of -5.70% over the past month and -20.45% over the past year, indicating significant underperformance compared to the broader market. The company's financial health is concerning, with operating losses and a weak ability to service debt, reflected in a poor EBIT to Interest ratio of 0.09 and low profitability per unit of shareholders' funds.
In the broader market context, while the Sensex has shown a slight positive return of 5.58% year-to-date, Catvision Ltd has significantly lagged behind with a year-to-date return of -14.65%. This underperformance is compounded by the company's negative EBITDA and weak long-term fundamental strength, which raises concerns among investors. Although there has been a rise in investor participation, as indicated by a 10.53% increase in delivery volume, the overall sentiment remains cautious due to the company's financial struggles and the stock's historical volatility.