Why is Vipul Ltd falling/rising?

As of 30-Jul, Vipul Ltd's stock price is currently at 9.42, reflecting an increase of 0.44 or 4.9%. The stock has shown a positive trend recently, gaining 10.05% over the last two days and outperforming its sector by 5.69% today. However, despite this short-term gain, the stock has significantly underperformed over longer periods, with a year-to-date decline of 60.32% and a staggering 78.59% drop over the past year. The company is facing considerable challenges, including operating losses, a high Debt to EBITDA ratio of 6.35 times, and negative results for the last two consecutive quarters, which have contributed to its weak long-term fundamental strength.
In the broader market context, while the stock has shown some short-term resilience, it has still underperformed compared to the Sensex, which has gained 4.28% year-to-date. The stock's recent performance is overshadowed by its long-term negative trajectory, including a 22.72% decline over the past month and a 47.52% drop over the last three years. Additionally, the pledge of 30.71% of promoter shares adds to the risk, potentially exerting downward pressure on the stock in a falling market. Overall, while there are short-term gains, the underlying financial issues and poor historical performance suggest a challenging outlook for Vipul Ltd.