Why is Sparc Electrex falling/rising?

As of 09-Jul, Sparc Electrex Ltd is currently priced at 7.83, reflecting a decrease of 0.14, or 1.76%. The stock has been underperforming, having fallen consecutively for the last two days, resulting in a total decline of 2.37% during this period. In terms of returns, the stock has shown a 4.12% increase over the past week and an 8.15% increase over the past month, but it has significantly underperformed over the longer term, with a staggering 60.81% decline over the past year. The company is facing operational challenges, including high debt levels and low profitability, as indicated by a negative EBITDA and a poor return on equity. These factors contribute to a weak long-term fundamental strength, which likely impacts investor sentiment negatively.
In the broader market context, the Sensex has shown a modest increase of 0.15% over the past week, while Sparc Electrex's short-term performance has been notably better than this benchmark. However, the stock's long-term performance is concerning, as it has underperformed the BSE500 across multiple time frames, including the last three years and one year. The falling investor participation, with a significant drop in delivery volume, further indicates a lack of confidence among investors. Overall, the combination of operational losses, high debt, and poor historical performance suggests that the stock is facing significant challenges, leading to its current decline.