Why is Vivanta Indust. falling/rising?

As of 31-Jul, Vivanta Industries Ltd is currently priced at 2.82, reflecting an increase of 0.07 or 2.55%. The stock has shown a trend reversal, gaining after two consecutive days of decline. However, it is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a generally weak performance. Despite outperforming its sector by 3.18% today, the stock has seen a significant drop in delivery volume, which fell by 50.48% compared to the 5-day average. Over the past year, the stock has underperformed the market, with a return of -29.15% compared to the benchmark's -0.68%. The company is facing challenges, including operating losses and a high Debt to EBITDA ratio of 6.38 times, which raises concerns about its long-term fundamental strength.
In the broader market context, while the stock has outperformed the sector in the short term, its year-to-date performance shows a decline of 23.78%, contrasting sharply with the Sensex's gain of 3.90%. This underperformance is compounded by the company's weak profitability, as indicated by a low Return on Equity of 4.10% and negative EBITDA. The overall market sentiment appears cautious, especially given the stock's significant losses over the past year and the declining investor participation. These factors contribute to a perception of risk surrounding Vivanta Industries Ltd, making it a challenging environment for the stock despite today's slight uptick.