Why is Sparc Electrex falling/rising?

As of 02-Jul, Sparc Electrex Ltd's stock price is currently at 7.52, reflecting an increase of 0.35 or 4.88%. The stock has shown a strong performance today, outperforming its sector by 8.05% and has been on a consecutive gain streak for the last seven days, resulting in a total return of 24.71% during this period. However, despite this recent uptick, the stock has experienced significant declines over the longer term, with a year-to-date drop of 47.04% and a staggering 62.48% decrease over the past year. The company faces challenges, including operating losses and a high debt-to-EBITDA ratio, which indicate weak long-term fundamentals and low profitability.
In the broader market context, while the stock has outperformed the Sensex by a considerable margin in the short term, with a 19.94% increase over the past week compared to the benchmark's 0.79%, it has still underperformed over longer periods, including a 5.76% decline in the last month versus the Sensex's 2.50% gain. The IT - Hardware sector has also seen a decline of 3%, which may contribute to the overall market sentiment affecting Sparc Electrex. Despite rising investor participation and liquidity, the company's negative EBITDA and poor long-term performance metrics suggest that the stock remains risky and may not sustain its recent gains in the face of ongoing financial challenges.