Why is Nimbus Projects falling/rising?

As of 04-Jul, Nimbus Projects Ltd is experiencing a price increase, with the current price at Rs 221.10, reflecting a rise of Rs 7.1 or 3.32%. The stock has shown a strong performance today, outperforming its sector by 2.56% and achieving a consecutive gain over the last two days with a total return of 10.49%. Despite this recent uptick, the stock has had a challenging month, with a decline of 9.53% over the past month. The company has generated an impressive return of 338.69% over the last year, significantly surpassing the market's average return of 2.13%. However, it faces serious concerns regarding its long-term fundamentals, including operating losses and a weak ability to service its debt, which could impact investor sentiment.
In the broader market context, while Nimbus Projects has outperformed its sector today, its short-term performance over the past week shows a decline of 1.25%, compared to a smaller decline of 0.74% in the Sensex. This indicates that although the stock is currently rising, it has struggled recently relative to the benchmark. The stock's liquidity is adequate for trading, but there is a notable decrease in investor participation, with delivery volume dropping significantly. The company's poor long-term growth metrics and negative EBITDA further contribute to the perception of risk, which may temper enthusiasm despite the recent price increase.