Why is Veeram Securit. falling/rising?

As of 13-Aug, Veeram Securities Ltd is currently priced at Rs 8.50, reflecting an increase of Rs 0.11 or 1.31%. The stock has recently shown signs of a trend reversal, gaining after 13 consecutive days of decline. However, it remains close to its 52-week low, just 4% away from Rs 8.16. Despite today's performance, the stock has underperformed over the past week and month, with declines of 1.39% and 5.35%, respectively. The company has a Return on Equity (ROE) of 14.4 and is trading at a discount compared to its peers, but it also faces significant challenges, including operating losses and a weak ability to service its debt, which negatively impacts its long-term fundamental strength.
In the broader market context, the Sensex has remained relatively stable, with only a slight decline of 0.01% over the past week. Veeram Securities' performance today has outpaced its sector by 1.84%, but its overall returns have lagged behind the benchmark, with a year-to-date decline of 14.14% compared to the Sensex's gain of 3.07%. The stock's consistent underperformance against the benchmark over the last three years, combined with falling investor participation and liquidity concerns, suggests that while there may be short-term gains, the long-term outlook remains uncertain.