Why is SecureKloud Tech falling/rising?

As of 31-Jul, SecureKloud Technologies Ltd is currently priced at 24.48, reflecting an increase of 0.48 or 2.0%. The stock has shown a positive trend recently, gaining 3.38% over the last two days and outperforming its sector by 2.6% today. However, despite this short-term gain, the company has faced significant challenges, including operating losses and a weak long-term fundamental strength, with net sales declining at an annual rate of -15.19% over the past five years. The company has reported negative results for the last seven consecutive quarters, with a PAT of Rs -7.16 crore and net sales falling by 39.74%. Additionally, the high debt-to-equity ratio of 3.04 times indicates financial strain, which may overshadow the recent price increase.
In the broader market context, SecureKloud's short-term performance contrasts with the benchmark, as it has gained 0.82% over the past week while the Sensex has declined by 1.22%. However, the stock has underperformed significantly over longer periods, with a year-to-date return of -20.34% compared to the Sensex's positive 3.90%. This consistent underperformance against the benchmark, coupled with a negative EBITDA and a history of losses, suggests that while the stock may experience short-term fluctuations, the overall outlook remains precarious, indicating potential risks for investors.