Why is SAB Events falling/rising?

As of 18-Jul, SAB Events & Governance Now Media Ltd is currently priced at 7.33, reflecting an increase of 0.34 or 4.86%. The stock has shown a strong performance recently, gaining 10.06% over the last two days and outperforming its sector by 5.09% today. However, despite these short-term gains, the company faces significant challenges, including a negative book value and a high Debt to EBITDA ratio, indicating weak long-term fundamental strength. Additionally, 73.69% of promoter shares are pledged, which can exert downward pressure on the stock in a declining market. Over the past year, the stock has underperformed the market with a return of -30.98%, contrasting sharply with the broader market's decline of only -0.36%.
In the broader market context, SAB Events has outperformed the Sensex in the short term, with a 1-week return of +13.12% compared to the Sensex's -0.90%. However, the stock's year-to-date performance remains concerning, with a decline of -58.75%, while the Sensex has increased by 4.63% during the same period. This disparity highlights the stock's volatility and the challenges it faces despite recent gains. The falling investor participation, evidenced by a significant drop in delivery volume, further complicates the outlook, suggesting that while the stock may be rising in the short term, underlying issues could hinder its long-term recovery.