Why is Waterbase falling/rising?

As of 28-Aug, Waterbase Ltd's stock price is currently at Rs 47.22, reflecting a decline of Rs 1.65 or 3.38%. The stock has been underperforming, having fallen consecutively for the last three days, resulting in a total drop of 6.42% during this period. Today, it opened with a significant loss of 3.7% and reached an intraday low of Rs 46.52, indicating weak trading activity as the weighted average price suggests more volume was traded close to this low. Over the past week, the stock has declined by 5.01%, and its year-to-date performance shows a staggering drop of 37.02%. The company is facing operating losses and has a weak long-term fundamental strength, highlighted by a poor EBIT to Interest ratio of -3.75 and a low return on equity of 0.63%. This consistent underperformance against the benchmark, with a return of -40.78% over the past year, further exacerbates investor concerns.
In the broader market context, the Sensex has experienced a decline of 2.34% over the past week, indicating that while Waterbase is underperforming, the market itself is also facing challenges. The aquaculture sector, in which Waterbase operates, has fallen by 2.22%, reflecting sector-wide issues that may be impacting investor sentiment. Despite a rise in delivery volume, suggesting increased investor participation, the overall liquidity remains low, and the stock is trading below all key moving averages, indicating a bearish trend. The combination of these factors contributes to the stock's downward movement, as it continues to struggle against both company-specific challenges and broader market pressures.