Why is Indsil Hydro falling/rising?

As of 15-Jul, Indsil Hydro Power & Manganese Ltd's stock price is currently at 58.50, reflecting an increase of 0.25 or 0.43%. The stock has been gaining for the last two days, with a total return of 1.54% during this period. However, it has underperformed in the short term, with a 1-week return of -0.86%, while showing a strong performance over the past month with a return of +24.20%. Despite this recent uptick, the company faces significant challenges, including operating losses and a high Debt to EBITDA ratio of 3.07 times, which indicates a low ability to service its debt. The company has also reported negative earnings, with a PAT of -18.92 cr, leading to concerns about its long-term fundamental strength.
In the broader market context, while the Sensex has declined by 1.36% over the past week, Indsil Hydro has managed to outperform its sector by 0.42% today. However, the stock's liquidity appears to be declining, as evidenced by a significant drop in delivery volume, which fell by 72.9% against the 5-day average. This decline in investor participation could signal caution among investors, especially given the company's negative EBITDA and low profitability per unit of capital. Overall, while the stock has shown some short-term gains, the underlying financial challenges and reduced investor interest may limit its upward momentum in the near future.