Why is Waterbase falling/rising?

As of 25-Jun, Waterbase Ltd's stock price is flat at 52.80, with no change (0.00%). The stock has underperformed its sector today by 3.21%, despite the aquaculture sector gaining by the same percentage. Over the past week, Waterbase has seen a decline of 1.73%, and its performance over the last month is down by 2.65%. The company has been struggling with significant operating losses, evidenced by a negative EBITDA and a poor EBIT to Interest ratio of -2.62, indicating weak long-term fundamental strength. Additionally, the stock has consistently underperformed against the benchmark, with a one-year return of -33.51% compared to the BSE 500's gain of 6.02%.
In the broader market context, while Waterbase's stock has remained flat today, it has significantly lagged behind the Sensex, which has risen by 1.61% over the past week. The company's weak profitability, highlighted by a low return on equity of 0.63% and a substantial drop in profits of 73.6% over the past year, contributes to its ongoing struggles. Despite a rise in investor participation, as indicated by a 265.79% increase in delivery volume, the overall sentiment remains negative due to the company's financial challenges and consistent underperformance over the last three years.