Why is Waterbase falling/rising?

As of 05-Sep, Waterbase Ltd's stock price is currently at 48.37, reflecting a decrease of 0.13, or 0.27%. The stock has been experiencing a downward trend, having fallen consecutively for the last three days, resulting in a total decline of 2.7% during this period. Despite outperforming its sector by 0.78% today, the stock has shown significant underperformance over the longer term, with a year-to-date decline of 35.49% and a staggering 41.48% drop over the past year. The company is facing operational challenges, including weak long-term fundamental strength, as indicated by its negative EBITDA and poor EBIT to interest ratio of -3.75. Additionally, the stock's return on equity is low at 0.63%, further contributing to investor concerns.
In the broader market context, Waterbase's short-term performance of +3.11% over the past week contrasts with the Sensex's gain of only +1.13%, indicating some relative strength in the very short term. However, the stock's long-term trajectory remains troubling, as it has consistently underperformed against the benchmark over the last three years, with a decline of 41.55% compared to the Sensex's gain of 36.23%. This persistent underperformance, coupled with the company's operational losses and weak profitability, paints a concerning picture for potential investors, suggesting that the stock's recent movements are influenced by both internal financial struggles and a challenging market environment.