Why is First Fintec falling/rising?

As of 27-Jun, First Fintec Ltd's stock price is currently at 7.23, reflecting an increase of 0.34 or 4.93%. The stock has shown a strong performance today, outperforming its sector by 5.22%. However, despite this positive movement, the stock has experienced a significant decline year-to-date, down 31.14%, and has a weak long-term fundamental strength characterized by operating losses and a negative EBITDA. Additionally, the company has reported a drastic drop in delivery volume, falling by 92.37% against the 5-day average, indicating a decrease in investor participation. The majority shareholders are non-institutional, which may also contribute to the stock's volatility.
In the broader market context, the stock's short-term return of 15.50% over the past week significantly outpaces the Sensex's return of 2.00%. However, the long-term performance remains concerning, as the stock has underperformed the benchmark over the last year and three years. While the stock has shown some resilience in the short term, the overall outlook is clouded by weak financial fundamentals and poor growth metrics, suggesting that investors may remain cautious despite the recent price increase.