Why is East Buildtech falling/rising?

As of 24-Jun, East Buildtech Ltd's stock price is currently at Rs 64.71, reflecting an increase of Rs 3.08 or 5.0%. Today's price movement indicates a trend reversal as the stock has gained after 12 consecutive days of decline. Despite opening with a loss of 5%, it reached an intraday high of Rs 64.71, outperforming its sector by 4.66%. However, the stock has experienced significant volatility, trading within a wide range of Rs 6.16. Over the past week, the stock has seen a substantial decline of 14.46%, and year-to-date, it has dropped 65.75%. The company's fundamentals remain weak, with operating losses and a poor ability to service its debt, contributing to its classification as a strong sell.
In the broader market context, while East Buildtech's stock has underperformed significantly compared to the Sensex, which has gained 0.58% over the past week, the stock's recent uptick may be seen as a corrective bounce after a prolonged period of decline. The company's weak long-term growth prospects, indicated by low net sales growth and a poor EBIT to interest ratio, suggest that the recent price increase may not be sustainable. Additionally, the stock's valuation remains high relative to its return on equity, further complicating its outlook in a market that has shown modest gains.