Why is Mahaveer Infoway falling/rising?

As of 31-Jul, Mahaveer Infoway Ltd's stock price is currently at 7.23, reflecting an increase of 0.34 or 4.93%. The stock has shown a positive trend recently, gaining 10.05% over the last two days and outperforming its sector by 5.53%. However, despite this short-term gain, the stock has experienced a significant decline of 12.79% over the past month and a year-to-date drop of 23.49%. The company's long-term fundamentals are weak, with a low Return on Capital Employed (ROCE) of 3.11% and a concerning EBIT to Interest ratio of -0.04, indicating challenges in servicing its debt. Additionally, the stock's performance has been inconsistent, with a negative EBITDA and a poor Debtors Turnover Ratio, which may contribute to investor caution.
In the broader market context, the stock's recent performance contrasts with the benchmark, as it has outperformed the Sensex by 2.99% over the past week while the benchmark has declined by 1.22%. However, the stock's long-term performance remains troubling, with consistent underperformance against the BSE500 over the last three years. This juxtaposition of short-term gains against a backdrop of long-term weaknesses may create a mixed sentiment among investors, leading to cautious trading behavior despite the recent uptick in price.