Why is MT Educare falling/rising?

As of 02-Sep, MT Educare Ltd's stock price is currently at 2.13, reflecting an increase of 0.05 or 2.4%. The stock has shown a positive performance today, outperforming its sector by 2.74% and has experienced consecutive gains over the last two days, resulting in a total return of 5.45% during this period. However, despite this short-term uptick, the stock has significantly underperformed over the longer term, with a year-to-date decline of 13.41% and a staggering 54.87% drop over the past year. The company's financial health raises concerns, as it has a negative book value and a weak ability to service its debt, evidenced by a poor EBIT to Interest ratio of -1.95. Additionally, the company reported a substantial loss in its latest quarter, with a PAT of Rs -5.12 crore, which has contributed to its overall negative sentiment in the market.
Broader market context indicates that while MT Educare has shown a positive return in the short term, it has consistently lagged behind the benchmark, with a 1-year return of -54.87% compared to a mere -2.91% for the Sensex. The stock's performance over the last three years has also been disappointing, with a decline of 75.96%, contrasting sharply with the benchmark's growth of 36.32%. The high percentage of pledged promoter shares, at 50.74%, adds to the risk, particularly in a falling market, as it can exert additional downward pressure on the stock price. Overall, while there are signs of short-term recovery, the long-term outlook remains precarious due to fundamental weaknesses and consistent underperformance against market benchmarks.