Why is Walchand People falling/rising?

As of 03-Jul, Walchand Peoplefirst Ltd's stock price is currently at Rs 151.50, reflecting an increase of Rs 5.25, or 3.59%. The stock opened with a gain of 5.3% today and reached an intraday high of Rs 154. Despite this positive movement, the stock has shown a year-to-date decline of 13.90% and a significant one-year drop of 34.44%. While it has outperformed its sector by 3.57% today, the delivery volume has decreased by 67.63% compared to the five-day average, indicating falling investor participation. Additionally, the company faces challenges such as weak long-term fundamental strength, a negative EBITDA, and poor growth metrics, which may contribute to cautious investor sentiment despite the recent price increase.
In the broader market context, the stock's short-term performance over the past week shows a gain of 1.68%, contrasting with the Sensex, which has declined by 0.62%. However, over the past year, Walchand Peoplefirst Ltd has underperformed significantly compared to the broader market, which has returned 2.20%. This underperformance, coupled with the company's weak financial indicators, suggests that while there may be short-term gains, the long-term outlook remains concerning, potentially leading to volatility in investor confidence.