Why is Rudra Ecovation falling/rising?

As of 01-Sep, Rudra Ecovation Ltd's stock price is currently at Rs 40.45, reflecting an increase of Rs 1.4 or 3.59%. The stock has shown a positive trend recently, gaining 5.06% over the last two days and outperforming its sector by 2.55% today. It opened with a significant gain of 4.74% and reached an intraday high of Rs 40.9. However, despite these short-term gains, the stock has underperformed over the longer term, with a year-to-date decline of 32.10% and a staggering 42.17% drop over the past year. The company's financial health is concerning, as it has reported operating losses and a negative EBITDA, indicating weak long-term fundamental strength. Additionally, the company's ability to service its debt is poor, with a negative EBIT to Interest ratio, and it has generated a low return on equity.
In the broader market context, while the stock has shown some positive movement recently, it has significantly lagged behind the benchmark Sensex, which has only declined by 2.43% over the past year. The stock's performance over the last week has been slightly better than the benchmark, with a return of 1.38% compared to the Sensex's decline of 1.56%. However, the overall trend indicates that despite recent gains, Rudra Ecovation Ltd has struggled to maintain investor confidence, as evidenced by falling delivery volumes and a lack of institutional support, which could hinder its recovery in the long run.