Why is Unitech Internat falling/rising?

As of 22-Jul, Unitech International Ltd's stock price is currently at 4.62, reflecting an increase of 0.07 or 1.54%. The stock has shown a positive movement today, outperforming its sector by 1.77% and reversing a trend after two consecutive days of decline. However, despite this short-term gain, the stock has underperformed significantly over the past month and year, with returns of -6.67% and -11.66% respectively. The company faces challenges such as a negative book value, a high debt-to-EBITDA ratio of 7.51 times, and consistent losses, which contribute to its weak long-term fundamental strength. Additionally, the falling investor participation, indicated by a 15.41% drop in delivery volume, raises concerns about market confidence in the stock.
In the broader market context, Unitech International Ltd's recent performance contrasts with the benchmark, as it has gained 1.54% over the past week while the Sensex has declined by 0.47%. However, the stock's year-to-date performance remains poor at -9.06%, compared to the Sensex's positive return of 5.18%. This consistent underperformance over the last three years, coupled with a negative EBITDA and a low ability to service debt, suggests that while there may be short-term fluctuations, the overall outlook for the stock remains precarious. Investors are likely cautious given the company's financial instability and the need for either fresh capital or profitability to sustain its operations moving forward.