Why is Mahaveer Infoway falling/rising?

As of 13-Jun, Mahaveer Infoway Ltd's stock price is currently at 8.44, reflecting an increase of 0.23 or 2.8%. The stock has outperformed its sector by 2.75% today, although it is trading higher than its 5-day and 50-day moving averages but lower than its 20-day, 100-day, and 200-day moving averages. Despite a recent 5.37% increase over the past week, the stock has shown a year-to-date decline of 10.69%. The company faces challenges such as operating losses and weak long-term fundamental strength, with a poor EBIT to Interest ratio of -0.04, indicating difficulties in servicing its debt. Additionally, the delivery volume has significantly decreased by 54.53% against the 5-day average, suggesting falling investor participation.
In the broader market context, while Mahaveer Infoway has outperformed the Sensex by 5.37% over the past week, the benchmark itself has declined by 1.30%. This indicates that the stock's recent rise is somewhat isolated, as the overall market is experiencing a downturn. The company's long-term growth prospects appear weak, with net sales and operating profit growing at only 4.39% and 5.55% annually over the last five years, respectively. Although the stock has generated a modest return of 0.84% over the past year, the significant rise in profits by 46% during the same period raises concerns about sustainability, making the stock a risky investment.