Why is Waterbase falling/rising?

As of 10-Sep, Waterbase Ltd's stock price is currently at Rs 52.40, reflecting an increase of Rs 3.01 or 6.09%. The stock has shown a positive trend recently, gaining 8.33% over the last three days and opening with a gain of 5.69% today. Despite this short-term rise, the stock has underperformed its sector by 8.38% today and has generated a return of -34.32% over the past year, indicating a consistent underperformance against the benchmark. The company is facing significant challenges, including operating losses and a weak ability to service its debt, which contributes to its low profitability as evidenced by a Return on Equity of only 0.63%.
In the broader market context, Waterbase's short-term performance of +6.94% over the past week significantly outpaces the Sensex's gain of +1.06% during the same period. However, the stock's long-term performance remains concerning, with a decline of -39.70% over the past three years compared to the Sensex's increase of +36.18%. The aquaculture sector has seen a gain of 14.4%, which may have contributed to the stock's recent rise, but the overall weak fundamentals and consistent underperformance against the benchmark suggest that the stock remains a risky investment.