Why is Nihar Info Glob. falling/rising?

As of 08-Jul, Nihar Info Global Ltd's stock price is currently at 5.35, reflecting an increase of 0.24 or 4.7%. Today's price summary indicates that the stock has outperformed its sector by 4.43%, with a notable rise in delivery volume by 18.88% compared to the 5-day average. However, despite this short-term positive movement, the stock has shown a decline of 0.74% over the past week and a significant drop of 14.40% year-to-date. The company's long-term fundamentals are concerning, with operating losses and a poor EBIT to interest ratio of -2.22, indicating weak debt servicing capability. Additionally, 26.9% of promoter shares are pledged, which could exert downward pressure on the stock in a falling market.
In the broader market context, while Nihar Info Global Ltd has outperformed its sector today, it has consistently underperformed against the benchmark, with a 1-year return of -4.97% compared to the Sensex's gain of 4.69%. The stock's performance over the last three years has also been disappointing, with a decline of 43.62% compared to the benchmark's increase of 53.65%. This consistent underperformance, coupled with the company's weak long-term growth prospects and negative EBITDA, suggests that while there may be short-term gains, the overall outlook remains precarious.