Why is Peeti Securities falling/rising?

As of 05-Sep, Peeti Securities Ltd is experiencing a rise in its stock price, currently at Rs 21.20, which reflects an increase of 1.0 or 4.95%. The stock has shown a strong performance today, outperforming its sector by 5.39% and opening with a gain of 3.96%. It reached an intraday high of Rs 21.20 and has traded within a narrow range of Rs 0.2. However, despite this short-term gain, the stock has a negative year-to-date return of -10.51% and has underperformed against the benchmark over the past year, with a return of -15.20%. The company faces challenges such as weak long-term fundamental strength, a negative EBITDA, and a poor ability to service its debt, which may contribute to investor caution despite the recent price increase. In the broader market context, Peeti Securities has outperformed the Sensex in the short term, with a 1-week return of +4.02% compared to the Sensex's +1.13%. However, the company's long-term performance remains concerning, with a significant underperformance against the benchmark over the past three years, where it generated -19.08% returns compared to the Sensex's +36.23%. The stock's liquidity appears sufficient for trading, but the overall weak fundamentals and consistent underperformance may lead to skepticism among investors, despite the recent uptick in price.