Why is VL E-Governance falling/rising?

As of 18-Jul, VL E-Governance & IT Solutions Ltd is experiencing a price increase, currently at 48.85, which reflects a rise of 0.95 or 1.98%. Despite this uptick, the stock has underperformed in the longer term, with a year-to-date decline of 73.37% and a one-year return of -43.49%. Today's performance indicates that the stock has outperformed its sector by 2.08%, although it is trading below all key moving averages. The company is facing significant challenges, including operating losses and a weak long-term growth outlook, with net sales decreasing at an annual rate of -79.50%. Additionally, the company's ability to service its debt is concerning, as indicated by a poor EBIT to Interest ratio of -4.19. The negative EBITDA and lack of domestic mutual fund investment further highlight the stock's risky nature.
In the broader market context, while the Sensex has shown a slight gain of 4.63% year-to-date, VL E-Governance's substantial decline of 73.37% indicates a stark contrast in performance. The stock's recent rise, despite its overall poor performance, suggests a potential short-term recovery or speculative interest, as evidenced by a significant increase in delivery volume. However, the stock's long-term fundamentals remain weak, and it has consistently underperformed the market, which raises concerns about its sustainability in the face of ongoing operational challenges.