Why is Sparc Electrex falling/rising?

As of 24-Oct, Sparc Electrex Ltd's stock price is currently at 6.47, reflecting an increase of 0.27 or 4.35%. The stock has outperformed its sector by 4.81% today, and it is trading above its 5-day, 20-day, and 50-day moving averages, although it remains below its 100-day and 200-day moving averages. Despite this positive short-term movement, the stock has experienced significant declines over the longer term, with a year-to-date return of -54.44% and a one-year return of -53.79%. The company is facing challenges, including operating losses and a high Debt to EBITDA ratio, which indicate weak long-term fundamental strength and low profitability. Additionally, there has been a notable decline in investor participation, with delivery volume dropping by 67.22% compared to the 5-day average.
In the broader market context, Sparc Electrex's short-term performance of +5.55% over the past week significantly outpaces the Sensex, which has only increased by 0.31% during the same period. However, the stock's long-term performance remains concerning, as it has underperformed the benchmark over the last three years, one year, and three months. The company's weak financial metrics, including a negative EBITDA and low return on equity, contribute to its classification as a risky investment, further impacting investor sentiment and participation.