Why is EKI Energy falling/rising?

As of 18-Aug, EKI Energy Services Ltd is experiencing a price increase, currently at Rs 109.65, reflecting a change of 1.0 (0.92%) upward. Today's performance indicates a trend reversal as the stock has gained after three consecutive days of decline, outperforming its sector by 1.55%. However, despite this short-term gain, the stock has shown significant underperformance over the past week, down 4.82%, and a staggering 57.52% year-to-date. The company has reported operating losses and negative results for the last two consecutive quarters, which has contributed to a weak long-term fundamental strength. The stock is also trading below all its moving averages, indicating a bearish trend, and has seen a decline in investor participation, with delivery volume falling by 18.74% against the five-day average.
In the broader market context, while EKI Energy has seen a slight uptick today, it has consistently underperformed against the benchmark, with a return of -66.76% over the past year compared to a modest gain of 1.04% for the Sensex. This consistent underperformance over the last three years highlights the company's struggles, particularly in light of its recent financial results, which show a significant drop in net sales and profitability. The negative EBITDA and weak ability to service debt further exacerbate the stock's risk profile, making it a challenging investment despite today's positive movement.