Why is Ujaas Energy falling/rising?

As of 06-Oct, Ujaas Energy Ltd's stock price is rising, currently at 329.35, reflecting an increase of 15.65 or 4.99%. The stock has shown strong performance today, outperforming its sector by 5.75% and has been on a consecutive gain streak for the last three days, with a total return of 15.72% over that period. It opened with a gain of 4.99% and has maintained this price level throughout the trading day. However, despite this positive short-term movement, the company faces significant challenges, including operating losses and a high debt to EBITDA ratio, which indicates a weak long-term fundamental strength. The company has reported negative results for the last two consecutive quarters, with a substantial decline in operating profit and net sales, which could weigh on investor sentiment despite the recent price increase.
In the broader market context, Ujaas Energy's short-term return of 15.72% over the past week significantly outpaces the Sensex, which has only increased by 1.77% during the same period. This indicates that the stock is gaining traction relative to the broader market. However, the company's long-term performance remains concerning, as it has generated a return of -2.21% over the past year, while the Sensex has seen a modest increase of 0.12%. The lack of domestic mutual fund investment in Ujaas Energy suggests that institutional investors may have reservations about the company's financial health, which could impact its future price movements despite the recent gains.