Why is SAB Events falling/rising?

As of 11-Jul, SAB Events & Governance Now Media Ltd is experiencing a slight increase in its stock price, currently at 6.48, with a change of 0.02, representing a 0.31% rise. The stock has shown a positive performance in the short term, with a 3.02% increase over the past week and a 7.46% increase over the past month. Today's trading activity indicates rising investor participation, with a delivery volume that has surged by 185.56% compared to the 5-day average. However, the company faces significant challenges, including a negative book value and a high debt-to-EBITDA ratio, which suggest weak long-term fundamentals. Additionally, the stock has underperformed over the past year, generating a return of -43.65%, which is concerning given the overall market's positive performance.
In the broader market context, while SAB Events has shown some short-term gains, it has significantly lagged behind the benchmark, with the Sensex declining by 1.12% over the past week. The stock's performance is particularly troubling when considering its long-term trajectory, as it has underperformed the market over the last year and three years, with returns of -43.65% and +0.47%, respectively. The high percentage of pledged promoter shares adds to the risk, especially in a declining market, which could further pressure the stock price. Overall, while there are some positive short-term indicators, the underlying weaknesses and market conditions suggest a cautious outlook for SAB Events.