Why is Waterbase falling/rising?

As of 11-Sep, Waterbase Ltd's stock is currently priced at Rs 51.09, reflecting a decrease of Rs 1.31 or 2.5%. Today's price summary indicates that the stock has fallen after three consecutive days of gains, reaching an intraday low of Rs 50.75. Despite outperforming its sector by 0.58% today, the stock has shown significant underperformance over the past year, with a return of -36.75%. The company is facing operating losses and has a weak long-term fundamental strength, indicated by a poor EBIT to Interest ratio of -3.75 and a low Return on Equity of 0.63%. These factors contribute to the stock's recent decline, as it trades at risky valuations compared to historical averages.
In the broader market context, Waterbase's short-term performance over the past week shows a gain of 5.34%, which is significantly higher than the Sensex's increase of 1.03%. However, the stock's year-to-date performance is concerning, with a decline of 31.86% compared to the Sensex's positive return of 4.36%. This consistent underperformance against the benchmark over the last three years, combined with the negative EBITDA and weak profitability metrics, suggests that investor sentiment remains cautious, contributing to the stock's current downward movement.