Why is Kaiser Corporat. falling/rising?

As of 25-Jul, Kaiser Corporation Ltd's stock price is currently at 6.43, reflecting an increase of 0.3 or 4.89%. The stock has shown positive momentum recently, gaining 10.1% over the last two days and outperforming its sector by 6.45% today. However, despite this short-term rise, the stock has experienced significant declines over longer periods, with a 1-month return of -17.35% and a staggering -34.92% over the past year. The company's financial health is concerning, as it has reported operating losses, a high Debt to EBITDA ratio of 4.92 times, and a negative EBITDA, indicating weak long-term fundamental strength. Additionally, a decrease in promoter stake by 4.4% may reflect reduced confidence in the company's future prospects.
In the broader market context, Kaiser Corporation's recent performance contrasts with the benchmark, as it has underperformed the Sensex over the last year and three years, with returns of -34.92% compared to the benchmark's +1.78% and +46.08%, respectively. While the stock has shown some positive movement in the short term, the overall trend indicates a consistent underperformance against the market, which may be a concern for investors. The stock's liquidity appears adequate for trading, but the persistent operating losses and declining promoter confidence suggest that the recent price increase may not be sustainable in the long run.