Why is Eraaya Lifespace falling/rising?

As of 27-Jun, Eraaya Lifespaces Ltd is experiencing a price increase, currently at Rs 44.49, reflecting a rise of 1.75 or 4.09%. Today's performance indicates a trend reversal as the stock has gained after two consecutive days of decline, opening with a gain of 2.67% and reaching an intraday high of Rs 44.87. Despite this positive movement today, the stock has underperformed significantly over the past week and month, with returns of -7.45% and -4.87%, respectively. The company is facing challenges, including operating losses and a high Debt to EBITDA ratio, which contribute to its weak long-term fundamental strength. Additionally, the stock has seen a drastic fall in net sales and profitability, with a return on equity averaging only 1.27%.
Broader Market Context: In comparison to the benchmark, the Sensex has shown positive returns of +2.00% over the past week and +3.07% over the past month, while Eraaya Lifespaces Ltd has lagged behind with negative returns. This underperformance is starkly highlighted by the stock's year-to-date decline of -63.49%, contrasting sharply with the Sensex's gain of +7.58%. The stock's liquidity is adequate for trading, but falling investor participation, as indicated by a significant drop in delivery volume, suggests a lack of confidence among investors. Overall, while the stock has shown a brief uptick, the broader context indicates ongoing struggles that may limit its recovery.