Why is SAB Events falling/rising?

As of 14-Jul, SAB Events & Governance Now Media Ltd's stock price is currently at 6.55, reflecting an increase of 0.07 or 1.08%. The stock has shown a positive trend recently, gaining 1.39% over the last two days and outperforming its sector by 1.31% today. However, despite these short-term gains, the stock has significantly underperformed over the past year, with a return of -41.88%, while the broader market has seen a modest increase of 0.26%. The stock's performance is further complicated by a negative book value and a high debt-to-EBITDA ratio, indicating weak long-term fundamentals and a low ability to service debt. Additionally, the delivery volume has fallen dramatically, suggesting reduced investor participation, which could hinder further price increases.
In the broader market context, SAB Events has outperformed the Sensex in the short term, gaining 4.13% over the past week compared to the benchmark's decline of 1.42%. However, the stock's year-to-date performance remains concerning, with a staggering decline of 63.14% against the Sensex's gain of 5.27%. The high percentage of pledged promoter shares adds to the risk, as it can exert downward pressure on the stock price in a falling market. Overall, while there are some positive short-term movements, the underlying fundamentals and broader market performance suggest caution for investors considering SAB Events.