Why is EKI Energy falling/rising?

As of 05-Sep, EKI Energy Services Ltd is experiencing a price increase, with its current price at Rs 114.05, reflecting a rise of Rs 0.95 or 0.84%. Today, the stock opened with a gain of 2.48% and reached an intraday high of Rs 115.9. Despite this positive movement, the stock has shown significant underperformance over the longer term, with a year-to-date decline of 55.81% and a staggering 93.30% drop over the past three years. 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. Additionally, the stock's delivery volume has fallen by 21.58% against the 5-day average, indicating a decrease in investor participation.
In the broader market context, EKI Energy has outperformed the Sensex by 2.02% today, while the benchmark has shown a return of 1.13% over the past week. However, the stock's performance remains concerning when viewed over a longer period, as it has consistently underperformed against the benchmark, generating a return of -65.27% in the last year compared to a -1.81% return for the Sensex. This consistent underperformance, coupled with the company's weak financial metrics, suggests that while there may be short-term gains, the overall outlook for EKI Energy remains negative.