Why is SagarSoft (India falling/rising?

As of 11-Nov, SagarSoft (India) Ltd's stock price is rising, currently at Rs 120.20, reflecting a significant increase of 20.0 (19.96%). Today's performance indicates a trend reversal as the stock has gained after five consecutive days of decline, outperforming its sector by 20.99%. The stock has shown high volatility with an intraday volatility of 8.68% and has traded within a wide range of Rs 19.2. However, despite this positive movement, the company faces challenges, including operating losses and a weak long-term fundamental strength, as evidenced by a substantial decline in profits over the past year.
In the broader market context, SagarSoft's short-term return of +9.72% over the past week significantly outpaces the Sensex, which only increased by +0.49%. Despite this recent uptick, the stock has underperformed in the longer term, with a year-to-date return of -38.98% compared to the Sensex's +7.34%. The company's financial health is concerning, with a negative EBITDA and a drastic fall in profits, which may overshadow the recent price increase and indicate potential risks for investors.