Why is Exicom Tele-Sys. falling/rising?

As of 27-Jun, Exicom Tele-Systems Ltd is currently priced at Rs 199.00, reflecting an increase of Rs 1.5 or 0.76%. The stock has shown a strong performance over the past week, with a return of +10.10%, and has outperformed its sector by 0.53% today. However, despite this short-term gain, the company has faced significant challenges, including operating losses and a negative EBITDA, which have contributed to a substantial decline of -54.28% over the past year. The company's weak long-term fundamentals are highlighted by a high Debt to EBITDA ratio and a consistent pattern of negative results over the last three quarters, which has led to falling participation from institutional investors.
In the broader market context, while the Sensex has generated a return of +2.00% over the past week and +7.58% year-to-date, Exicom's performance remains concerning, particularly given its substantial underperformance over the last year. The stock's recent rise may be attributed to short-term trading activity, but the overall trend indicates a lack of confidence among investors, especially institutional ones, who have reduced their stakes. This context suggests that while there may be temporary upward movements, the long-term outlook for Exicom Tele-Systems Ltd remains precarious due to its ongoing financial difficulties.