Why is Waterbase falling/rising?

As of 26-Jun, Waterbase Ltd's stock price is currently at 52.50, reflecting a decrease of 0.3, or 0.57%. The stock has underperformed significantly over various periods, with a year-to-date decline of 29.98% and a one-year return of -32.80%. Today's performance indicates that Waterbase has outperformed its sector by 0.82%, but it is trading below all its moving averages, which suggests a bearish trend. Additionally, the company is facing operational challenges, including an operating loss and a weak ability to service its debt, as indicated by a poor EBIT to Interest ratio of -2.62. The recent financial results show a significant drop in profit after tax, which has fallen by 24% compared to the previous four-quarter average, contributing to the stock's downward pressure.
In the broader market context, Waterbase's short-term performance has been notably poor compared to the benchmark, with a one-week return of -1.83% against the Sensex's gain of 2.94%. This consistent underperformance over the last three years, where the stock has generated negative returns while the benchmark has risen, highlights the challenges the company faces in attracting investor confidence. Despite a rise in investor participation, as evidenced by a significant increase in delivery volume, the overall sentiment remains cautious due to the company's weak long-term fundamentals and negative EBITDA, which continue to weigh heavily on its stock price.