Why is SAB Events falling/rising?

As of 09-Jul, SAB Events & Governance Now Media Ltd's stock price is currently at 6.51, reflecting an increase of 0.19 or 3.01%. The stock has shown positive momentum recently, gaining 3.5% over the last two days and outperforming its sector by 2.97% today. In the past week, the stock has risen by 2.84%, and over the last month, it has increased by 10.71%. However, despite these short-term gains, the company faces significant challenges, including a negative book value and a weak long-term growth outlook, as evidenced by a decline in net sales over the past five years. Additionally, the high debt to EBITDA ratio and the fact that 73.69% of promoter shares are pledged contribute to a risky investment profile, which may weigh on investor sentiment despite recent price increases.
In the broader market context, SAB Events has underperformed compared to the benchmark, with a one-year return of -37.64% against the BSE500's gain of 1.43%. While the stock has shown some positive short-term performance, it remains significantly below its historical valuations and has struggled with liquidity issues, as indicated by the negative EBITDA and low cash reserves. The recent rise in investor participation, with a notable increase in delivery volume, may provide some support for the stock in the short term, but the underlying financial weaknesses and market conditions suggest that caution is warranted for potential investors.