Why is Unitech Internat falling/rising?

As of 30-Jul, Unitech International Ltd's stock price is currently at 4.62, reflecting an increase of 0.04 or 0.87%. The stock has shown a positive performance recently, gaining 3.82% over the last two days and outperforming its sector by 0.26%. However, despite this short-term uptick, the stock has underperformed significantly over longer periods, with a year-to-date decline of 9.06% and a one-year return of -16.00%. The company faces serious challenges, including a negative book value and a high debt-to-EBITDA ratio of 7.51 times, indicating a weak long-term fundamental strength. Additionally, the stock's liquidity is questionable, as evidenced by a significant drop in delivery volume, which fell by 81.69% against the five-day average.
Broader market context shows that while Unitech International Ltd has experienced a short-term rise, it has consistently underperformed against the benchmark, with a three-year return of -23.26% compared to the Sensex's gain of 41.53%. The broader market has seen a positive return of 4.28% year-to-date, contrasting sharply with Unitech's negative performance. This disparity highlights the stock's ongoing struggles and the risks associated with investing in it, particularly given its recent losses and negative net worth. Overall, while there may be short-term gains, the long-term outlook remains bleak, suggesting that investors should exercise caution.