Why is Waterbase falling/rising?

As of 09-Sep, Waterbase Ltd's stock price is currently at 49.39, reflecting a slight increase of 0.09 or 0.18%. The stock has shown a positive trend recently, gaining 2.11% over the last two days and outperforming its sector by 0.35%. However, despite this short-term gain, the stock has experienced significant underperformance over longer periods, with a year-to-date decline of 34.13% and a one-year return of -37.65%. The company is facing challenges such as operating losses and a weak ability to service its debt, indicated by a poor EBIT to Interest ratio of -3.75. Additionally, the stock's low Return on Equity of 0.63% suggests limited profitability, which may contribute to investor caution.
In the broader market context, Waterbase's recent performance contrasts with the benchmark, as it has underperformed the Sensex over the past week, which has gained 1.18%. While the stock has shown some positive movement in the short term, its long-term outlook remains concerning due to consistent underperformance against the benchmark over the last three years. This ongoing trend of negative returns, coupled with the company's weak financial fundamentals, may lead to skepticism among investors, despite the recent uptick in trading volume and short-term gains.