Why is Khandwala Sec. falling/rising?

As of 09-Jun, Khandwala Securities Ltd is experiencing a price increase, currently at Rs 23.03, reflecting a change of 1.17 or 5.35% upward. Today's performance indicates that the stock outperformed its sector by 3.4% and opened with a gain of 4.8%. However, despite this positive movement, the stock is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a bearish technical outlook. The stock has shown erratic trading patterns, not trading on one day out of the last 20. Additionally, the company has reported significant operating losses, with a PAT of Rs -2.05 crore, and a drastic fall in EPS, which is the lowest at Rs -1.34. The stock's long-term fundamentals appear weak, as indicated by a negative return on equity and a high price-to-book value compared to its peers.
In the broader market context, Khandwala Securities has underperformed against the benchmark, with a 1-week return of -2.83% compared to the Sensex's gain of +1.32%. Over the past year, the stock has generated a return of -23.51%, significantly lagging behind the BSE 500's +7.50% return. While there has been a rise in investor participation, as evidenced by a 127.17% increase in delivery volume, the overall sentiment remains cautious due to the company's weak financial performance and consistent underperformance over the last three years.