Why is SAB Events falling/rising?

As of 03-Jul, SAB Events & Governance Now Media Ltd is currently priced at 6.34, reflecting a slight increase of 0.01 or 0.16%. The stock has been gaining for the last two days, with a total return of 5.14% during this period. However, despite this recent uptick, the stock has underperformed significantly over the longer term, with a year-to-date decline of 64.32% and a one-year drop of 33.26%. The company faces challenges such as a negative book value, a weak long-term growth rate in net sales, and a high debt-to-EBITDA ratio, which contribute to its classification as a strong sell. Additionally, the stock is trading at risky valuations, and a significant portion of promoter shares are pledged, which could exert downward pressure on the stock price in adverse market conditions.
In the broader market context, the stock's short-term performance of +5.14% over the last two days is somewhat better than the benchmark Sensex, which has seen a decline of 0.62% over the past week. However, the stock's one-month return of +7.64% also outpaces the Sensex's +3.10% return, indicating some resilience in the short term. Despite these recent gains, the stock has still underperformed the market over the past year, where the benchmark has generated a positive return of 4.07%. This underperformance, coupled with the company's financial weaknesses, suggests that while there may be short-term fluctuations, the long-term outlook remains challenging.