Why is IKIO Tech falling/rising?

As of 15-Oct, IKIO Technologies Ltd is currently priced at 208.00, reflecting an increase of 2.45 or 1.19%. The stock has shown a trend reversal, gaining after two consecutive days of decline, and has outperformed its sector by 0.4%. Despite this positive movement today, the stock has underperformed over the past week, month, and year, with returns of -1.23%, -7.47%, and -26.73% respectively. The company has been facing significant challenges, including negative results for the last three consecutive quarters, a weak long-term fundamental strength indicated by a -41.91% CAGR growth in operating profits over the last five years, and a low return on equity of 5.5%. These factors contribute to the stock's expensive valuation and overall negative sentiment.
In the broader market context, while the Sensex has shown a positive return of +1.02% over the past week, IKIO Technologies has lagged behind, indicating a significant underperformance relative to the benchmark. The stock's liquidity appears adequate for trading, but the overall negative trends in profitability and returns suggest that investor confidence remains low. The recent uptick in price may reflect a temporary correction rather than a fundamental improvement in the company's financial health, as evidenced by its continued struggles in generating positive earnings and maintaining competitive valuations.