Why is Vipul Ltd falling/rising?

As of 17-Jul, Vipul Ltd's stock price is currently at Rs 10.00, reflecting an increase of Rs 0.19 or 1.94%. Despite this recent uptick, the stock has shown a significant decline over the past week, down 2.72%, and a staggering 57.88% year-to-date. The stock is also close to its 52-week low, just 1.9% away from Rs 9.81. Today's performance indicates a slight trend reversal as it has gained after two consecutive days of decline, and it has outperformed its sector by 0.98%. However, the stock remains below its moving averages across various timeframes, indicating a generally bearish trend. The company faces serious challenges, including operating losses, a high debt-to-EBITDA ratio of 6.35 times, and negative results for the last two quarters, which have contributed to its poor performance.
In the broader market context, while the Sensex has shown a modest gain of 0.83% over the past month, Vipul Ltd's performance has been markedly worse, with a 13.72% decline during the same period. The stock's long-term outlook is concerning, as it has generated a return of -78.93% over the past year, significantly underperforming the benchmark. The increased proportion of pledged promoter shares, now at 30.71%, adds further risk, particularly in a declining market. Overall, while there is a slight uptick in the stock price today, the underlying fundamentals and broader market conditions suggest that Vipul Ltd remains a risky investment.