Why is Waterbase falling/rising?

As of 08-Sep, Waterbase Ltd's stock price is currently at 49.30, reflecting an increase of 0.93, or 1.92%. The stock has shown a trend reversal by gaining after three consecutive days of decline. It is performing in line with its sector today, and its delivery volume has risen significantly, indicating increased investor participation. However, despite this short-term positive movement, the stock has underperformed over the longer term, with a year-to-date return of -34.25% and a one-year return of -38.17%. The company's financial health is concerning, as it has reported operating losses and a weak ability to service its debt, which negatively impacts investor sentiment.
In the broader market context, Waterbase's short-term return of +3.68% over the past week significantly outpaces the Sensex's return of +0.53% during the same period. However, the stock has consistently underperformed against the benchmark over the last three years, highlighting a troubling trend. The company's weak long-term fundamentals, including negative EBITDA and low profitability, suggest that while there may be short-term gains, the overall outlook remains risky and uncertain. This combination of factors contributes to a complex picture of rising short-term prices amidst long-term challenges.