Why is Veranda Learning falling/rising?

As of 24-Jun, Veranda Learning Solutions Ltd is experiencing a price increase, currently at Rs 198.00, reflecting a rise of 2.4 (1.23%). Today's price movement is notable as the stock has gained after three consecutive days of decline, opening with a significant gain of 6.85% and reaching an intraday high of Rs 209. However, despite this uptick, the stock is trading below its moving averages across various time frames, indicating a bearish trend. Additionally, the stock has shown a poor performance over the past month, with a decline of 5.74%, and a year-to-date drop of 16.65%. The company's high debt levels and negative operating profits contribute to its weak long-term fundamentals, which may deter investor confidence.
In the broader market context, Veranda Learning's short-term return of +2.54% over the past week outperforms the Sensex, which has only increased by +0.58%. However, the stock's long-term performance remains concerning, as it has consistently underperformed against the benchmark over the last three years, with a return of -12.37%. The high debt-to-equity ratio and the significant percentage of pledged promoter shares further exacerbate the stock's risk profile, potentially leading to increased volatility and downward pressure in a falling market.