Why is Waterbase falling/rising?

As of 18-Sep, Waterbase Ltd's stock price is currently at 49.90, reflecting an increase of 0.36 or 0.73%. The stock has shown some positive momentum recently, gaining for the last two days and outperforming its sector by 2.16%. However, despite a slight uptick in the short term, the stock has underperformed significantly over longer periods, with a year-to-date decline of 33.45% and a one-year return of -36.40%. The company is facing challenges, including 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 profitability is low, as evidenced by a Return on Equity of only 0.63%.
In the broader market context, while Waterbase has seen a slight increase in its stock price recently, it has lagged behind the benchmark, with a one-week return of -2.33% compared to the Sensex's gain of 1.80%. This consistent underperformance against the benchmark over the last three years highlights the stock's struggles, as it has not only generated negative returns but has also failed to keep pace with the broader market trends. The falling investor participation, with a significant drop in delivery volume, further indicates a lack of confidence among investors, which could contribute to the stock's volatility and overall riskiness in the current market environment.