Why is Waterbase falling/rising?

As of 12-Sep, Waterbase Ltd's stock price is currently at Rs 49.71, reflecting a decrease of Rs 1.38, or 2.7%. The stock has been underperforming, having fallen consecutively for the last two days, resulting in a total decline of 5.13% during this period. Today's performance indicates that the stock has underperformed its sector by 0.54%. Over the past year, Waterbase has generated a return of -38.04%, significantly lagging behind the benchmark, which has seen a decline of only 1.28%. The company is facing operating losses and has a weak long-term fundamental strength, evidenced 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 downward movement.
In the broader market context, Waterbase's short-term return of +2.77% over the past week is better than the Sensex's return of +1.48%, indicating some relative strength in the very short term. However, this is overshadowed by the stock's long-term underperformance, particularly over the last three years, where it has consistently lagged behind the benchmark. The aquaculture sector itself has also seen a decline of 2.18%, which may be impacting investor sentiment. Despite a rise in investor participation, the overall liquidity and trading conditions suggest a cautious outlook, further contributing to the stock's decline.