Why is Sparc Electrex falling/rising?

As of 30-Jun, Sparc Electrex Ltd's stock price is currently at 6.83, reflecting an increase of 0.32 or 4.92%. The stock has shown a positive trend recently, gaining 13.27% over the past week and outperforming its sector by 4.4%. However, despite this short-term gain, the stock has experienced significant declines over longer periods, with a year-to-date drop of 51.90% and a staggering 65.37% decrease over the past year. The company is facing challenges, including operating losses and a high Debt to EBITDA ratio of -1.00 times, which indicates a low ability to service its debt. Additionally, the stock's performance is hindered by a negative EBITDA and a low return on equity of 4.50%, suggesting weak profitability.
In the broader market context, while Sparc Electrex has outperformed the Sensex by a notable margin in the short term, the longer-term performance is concerning. The Sensex has shown a positive return of 7.00% year-to-date, contrasting sharply with Sparc Electrex's significant losses. The stock's recent gains may be attributed to short-term trading activity, but the overall financial health of the company remains weak, as indicated by its negative results and below-par performance compared to the broader market over multiple timeframes. This combination of short-term gains against a backdrop of long-term underperformance suggests that while the stock may be rising temporarily, fundamental issues continue to pose risks for investors.