Why is Everlon Fin. falling/rising?

As of 04-Jul, Everlon Financials Ltd is experiencing a price increase, currently at Rs 132.90, reflecting a rise of Rs 5.75 or 4.52%. The stock has outperformed its sector by 3.7% today, reaching an intraday high of Rs 132.90. Despite this positive movement, the stock has shown a decline of 12.97% over the past month and a significant drop of 27.40% over the last year. The company is facing challenges, including operating losses and a low return on equity (ROE) of 3.8, which indicates a very expensive valuation relative to its peers. Additionally, the company’s cash and cash equivalents are at a low of Rs 0.02 crore, contributing to concerns about its long-term fundamental strength.
In the broader market context, the stock's short-term performance contrasts with the benchmark, as it has gained 0.68% over the past week while the Sensex has fallen by 0.74%. However, the stock has underperformed the market significantly over the past year, with a return of -27.40% compared to the Sensex's gain of 4.23%. This underperformance highlights the challenges faced by Everlon Financials Ltd, particularly in light of its recent operating losses and declining profits, which have fallen by 85.1%. Despite today's price increase, the overall sentiment remains cautious due to the company's weak financial fundamentals.