Why is Vama Industries falling/rising?

As of 03-Sep, Vama Industries Ltd is currently priced at 5.75, reflecting an increase of 0.15 or 2.68%. The stock has shown a trend reversal by gaining after two consecutive days of decline, outperforming its sector by 1.78% today. However, despite this short-term gain, the stock has underperformed over the past week and month, with returns of -1.71% and -4.64%, respectively. The stock's long-term performance is concerning, as it has generated a return of -37.84% over the past year and -29.01% over the last five years. The company's fundamentals are weak, highlighted by operating losses and a poor EBIT to Interest ratio of -0.26, which indicates challenges in servicing its debt. Additionally, 30% of promoter shares are pledged, which can exert downward pressure on the stock in a falling market.
In the broader market context, the Sensex has shown relative stability with a slight decline of only 0.27% over the past week and a modest increase of 3.11% year-to-date. While Vama Industries has seen a short-term uptick, its long-term performance remains significantly below that of the benchmark, which has increased by 37.01% over the last three years. This stark contrast suggests that while the stock may experience temporary gains, its overall trajectory is hindered by fundamental weaknesses and a lack of investor confidence, as evidenced by falling delivery volumes and a weak return on equity of 3.95%.