Why is Waterbase falling/rising?

As of 29-Jul, Waterbase Ltd's stock price is currently at 50.90, reflecting an increase of 0.82 or 1.64%. Today's price summary indicates that the stock has outperformed its sector by 1.3%, although it remains higher than its 5-day moving averages but lower than its 20, 50, 100, and 200-day moving averages. Despite this positive movement, the stock has shown a significant decline over the longer term, with a year-to-date return of -32.12% and a one-year return of -47.34%. The company's financial health is concerning, as it has reported operating losses and a weak ability to service its debt, evidenced by a poor EBIT to Interest ratio of -2.62. Additionally, the company's return on equity is low at 0.63%, indicating low profitability per unit of shareholder funds.
In the broader market context, Waterbase's short-term performance of +1.01% over the past week contrasts sharply with the Sensex, which has declined by -1.03% during the same period. However, the stock's longer-term performance has been consistently poor, underperforming the benchmark over the last three years, with a staggering -37.55% return compared to the Sensex's +41.28%. This consistent underperformance, coupled with a negative EBITDA and a significant drop in profits over the past year, suggests that while there may be short-term gains, the overall outlook for Waterbase remains weak, leading to concerns about its long-term viability.