Why is Nimbus Projects falling/rising?

As of 07-Jul, Nimbus Projects Ltd is experiencing a price increase, currently at 223.80, which reflects a rise of 2.7 or 1.22%. The stock has been on an upward trend, gaining for the last three days with a total return of 11.84% during this period. It opened with a significant gain of 5% today and reached an intraday high of Rs 232.15. Despite this positive movement, the stock has shown mixed performance over longer periods, with a notable 341.77% increase over the past year, significantly outperforming the market's 1.74% return. However, the company faces challenges, including operating losses and weak long-term growth, with net sales declining at an annual rate of -16.12% and a concerning EBIT to Interest ratio of -2.19.
In the broader market context, Nimbus Projects has outperformed the Sensex in the short term, with a 5.19% return over the past week compared to the benchmark's slight decline of -0.20%. While the stock's recent performance is strong, it is essential to consider the underlying issues, such as negative EBITDA and poor financial fundamentals, which may pose risks to its sustainability. Additionally, there has been a significant drop in investor participation, with delivery volume decreasing by -63.09% against the five-day average, indicating potential concerns among investors despite the stock's recent gains.