Why is Sparc Electrex falling/rising?

As of 04-Jul, Sparc Electrex Ltd is experiencing a price increase, currently at 8.02, reflecting a change of 0.13 or 1.65% upward. The stock has shown significant performance in the short term, gaining 35.99% over the last nine days and outperforming its sector by 3.91% today. However, despite this recent uptick, the company has faced substantial challenges, including operating losses and a high Debt to EBITDA ratio of -1.00 times, indicating a weak long-term fundamental strength. The stock has generated a return of -58.81% over the past year, and its profitability metrics, such as a low Return on Equity of 4.50%, suggest ongoing financial difficulties.
In the broader market context, while Sparc Electrex has outperformed the Sensex by 23.20% over the past week, the benchmark has shown a slight decline of 0.74% during the same period. This indicates that the stock's recent rise is somewhat isolated from the overall market trends. However, the company's long-term performance remains concerning, with significant underperformance relative to the BSE500 over the past three years, one year, and three months. The combination of short-term gains against a backdrop of long-term losses and negative financial indicators suggests that while the stock may be rising currently, it faces substantial risks and challenges ahead.