Why is Waterbase falling/rising?

As of 17-Sep, Waterbase Ltd's stock price is currently at 49.54, reflecting a slight increase of 0.04 (0.08%). Despite this minor uptick, the stock has shown a significant decline over the past year, with a return of -37.42%, and has consistently underperformed against the benchmark BSE500 over the last three years. Today's performance indicates a trend reversal as the stock has gained after four consecutive days of decline, although it underperformed its sector by -0.37%. The stock is currently trading above its 20-day moving averages but below its 5-day, 50-day, 100-day, and 200-day moving averages. Additionally, there has been a decrease in investor participation, with delivery volume falling by -6.46% against the 5-day average, which may indicate waning interest among investors.
In the broader market context, Waterbase's short-term performance has been notably weak, as it has declined by -5.46% over the past week while the Sensex has gained +1.56%. This stark contrast highlights the stock's ongoing struggles, compounded by the company's operating losses and weak long-term fundamental strength, including a poor EBIT to interest ratio of -3.75. The stock's risk is further exacerbated by negative EBITDA and low profitability, as evidenced by a return on equity of just 0.63%. Overall, while there is a slight uptick in the stock price today, the underlying fundamentals and recent performance trends suggest that Waterbase continues to face significant challenges in the market.