Why is Surat Trade falling/rising?

As of 24-Jul, Surat Trade & Merchantile Ltd is currently priced at 6.40, reflecting a slight increase of 0.02 (0.31%). The stock has shown a trend reversal by gaining after four consecutive days of decline, although it is still trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages. Despite today's performance, the stock has underperformed significantly over the past week and month, with returns of -2.44% and -3.76%, respectively. The company's financial health is concerning, as it reported an operating loss and a negative EBITDA, alongside a weak ability to service its debt, indicated by a poor EBIT to Interest ratio of -2.46. Additionally, the latest quarterly results show a significant drop in profit after tax and net sales, which further contributes to the stock's negative outlook.
In the broader market context, Surat Trade has consistently underperformed against the benchmark, with a one-year return of -29.59% compared to a 2.54% gain in the Sensex. This underperformance is compounded by a drastic decline in investor participation, with delivery volume falling by 63.95% against the 5-day average. While the stock has outperformed its sector slightly today, the overall trend indicates a lack of investor confidence, which is reflected in its weak long-term fundamentals and consistent losses. The stock's liquidity remains adequate for trading, but the negative financial indicators suggest that the recent price increase may not be sustainable in the face of ongoing operational challenges.