Why is Diligent Media falling/rising?

As of 01-Sep, Diligent Media Corporation Ltd's stock price is currently at 4.55, reflecting an increase of 0.04 or 0.89%. Today's price movement indicates a trend reversal as the stock has gained after two consecutive days of decline. However, it is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, suggesting a bearish trend overall. The stock has shown a mixed performance in the past week with a decline of 3.19%, but it has increased by 3.88% over the past month. Despite this recent uptick, the company faces significant challenges, including a negative book value and a high debt-to-equity ratio, which contribute to its weak long-term fundamental strength. The latest financial results indicate a substantial drop in profit after tax and earnings per share, further complicating its outlook.
In the broader market context, Diligent Media's recent performance contrasts with the benchmark Sensex, which has declined by only 1.56% over the past week and is up 2.85% year-to-date. This underperformance highlights the stock's struggles relative to the market. Additionally, the delivery volume has decreased significantly, indicating falling investor participation, which may further pressure the stock price. Overall, while there has been a slight uptick in the stock price today, the underlying financial weaknesses and broader market trends suggest that the stock remains under significant pressure.