Why is Everlon Fin. falling/rising?

As of 22-Sep, Everlon Financials Ltd's stock price is currently at Rs 129.00, reflecting an increase of Rs 5.6 or 4.54%. Today's price summary indicates that the stock has outperformed its sector by 5.25% and has experienced a trend reversal, gaining after three consecutive days of decline. The stock reached an intraday high of Rs 129.55, showcasing a significant upward movement, although it also touched a low of Rs 117.25 during the day. Despite this positive movement, the stock has shown a year-to-date decline of 7.63% and a one-year decline of 5.98%, indicating ongoing challenges. The company is facing operating losses and has weak long-term fundamental strength, with a negative EBITDA and a significant drop in profits over the past year, which may contribute to investor caution.
In the broader market context, the stock's short-term return of 0.94% over the past week has outperformed the Sensex, which increased by 0.46% in the same period. However, the stock's year-to-date performance is notably worse than the Sensex's gain of 5.15%, highlighting a disparity in performance relative to the broader market. The falling investor participation, as evidenced by a 90.29% drop in delivery volume, suggests a lack of confidence among investors, which could impact future price movements. Overall, while there is a short-term rise in the stock price, the underlying financial challenges and market conditions present a complex picture for Everlon Financials Ltd.