Why is Waterbase falling/rising?

As of 19-Sep, Waterbase Ltd's stock price is currently at 49.12, reflecting a decrease of 0.78, or 1.56%. The stock has underperformed its sector today by 2.95% and has experienced a trend reversal after two consecutive days of gains. It is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a bearish trend. Over the past week, the stock has declined by 1.19%, and it has shown a significant year-to-date drop of 34.49%. 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%. This consistent underperformance against the benchmark, with a return of -36.48% over the last year, further contributes to the negative sentiment surrounding the stock.
In the broader market context, the Sensex has shown a positive return of 0.88% over the past week, contrasting sharply with Waterbase's decline. The stock's performance has lagged behind the benchmark significantly, with a 1-month return of -1.13% compared to the Sensex's gain of 1.20%. This trend of underperformance has persisted over the last three years, where Waterbase has consistently generated negative returns while the broader market has seen gains. The rising investor participation, indicated by an increase in delivery volume, may suggest some interest, but the overall financial health and performance metrics of Waterbase indicate a challenging environment for the stock, reinforcing its current downward trajectory.