Why is Waterbase falling/rising?

As of 10-Jul, Waterbase Ltd's stock price is currently at 52.26, reflecting a decrease of 0.27, or 0.51%. The stock has been underperforming, having fallen consecutively for the last two days, with a total decline of 1.36% during this period. It is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a bearish trend. Over the past week, the stock has decreased by 0.59%, and it has significantly underperformed the benchmark, with a year-to-date decline of 30.30% compared to the Sensex's gain of 6.46%. The company's financial health is concerning, as it has reported operating losses and a weak ability to service its debt, with a negative EBIT to Interest ratio of -2.62. Additionally, the stock has generated a return of -34.64% over the past year, while profits have plummeted by 73.6%, reinforcing its status as a strong sell.
In the broader market context, the aquaculture sector has seen a gain of 2.55%, contrasting sharply with Waterbase's performance. The stock's recent decline is compounded by its consistent underperformance against the benchmark over the last three years, where it has failed to generate positive returns in each annual period. While there has been a rise in investor participation, as indicated by a significant increase in delivery volume, the overall sentiment remains negative due to the company's weak fundamentals and persistent losses. This combination of factors contributes to the stock's downward trajectory, highlighting the challenges Waterbase faces in regaining investor confidence.