Why is Globale Tessile falling/rising?

As of 23-Jun, Globale Tessile Ltd's stock price is currently at 15.89, reflecting an increase of 0.39 or 2.52%. The stock has shown a positive performance today, outperforming its sector by 1.99%, and has experienced consecutive gains over the last two days, resulting in a total return of 5.72% during this period. However, despite this recent uptick, the stock's performance over the past week and month has been negative, with declines of 0.69% and 0.75%, respectively. The company has reported positive net sales of Rs 37.05 crore in its latest quarterly results, but it faces significant challenges, including operating losses and a weak ability to service its debt, indicated by a poor EBIT to Interest ratio of 0.09. This combination of factors contributes to a perception of the stock as risky, particularly given its negative EBITDA and a substantial drop in profits over the past year.
In the broader market context, while the Sensex has shown a slight increase of 0.12% over the past week and 0.22% over the past month, Globale Tessile's short-term returns have lagged behind these benchmarks. The stock's year-to-date performance is particularly concerning, with a decline of 44.25%, contrasting sharply with the Sensex's gain of 4.81% in the same period. This disparity highlights the stock's underperformance relative to the market, despite its recent gains, and suggests that investor confidence remains fragile amidst ongoing operational challenges.