Why is Vikas Ecotech falling/rising?

As of 18-Sep, Vikas Ecotech Ltd's stock price is currently at Rs 2.08, reflecting an increase of Rs 0.02 or 0.97%. The stock has shown a slight positive performance recently, gaining 1.46% over the last two days and outperforming its sector by 1.47%. However, it remains close to its 52-week low, just 2.4% above Rs 2.03. Despite this recent uptick, the stock has significantly underperformed over longer periods, with a year-to-date decline of 34.59% and a one-year drop of 42.38%. The company's weak long-term fundamentals, including a -38.76% CAGR growth in operating profits over the last five years and a low return on equity of 5.63%, contribute to a negative outlook, suggesting that the recent price movement may not be sustainable.
In the broader market context, the stock's short-term return of +0.48% over the past week is notably lower than the Sensex's gain of +1.80% during the same period. This indicates that while Vikas Ecotech has experienced a minor rebound, it is still lagging behind the overall market performance. The decline in investor participation, evidenced by a 6.52% drop in delivery volume against the five-day average, further highlights the stock's liquidity issues and lack of confidence among investors. Overall, despite a brief rise in price, the underlying fundamentals and market conditions suggest a challenging environment for Vikas Ecotech Ltd.