Why is Waterbase falling/rising?

As of 24-Sep, Waterbase Ltd's stock price is currently at 48.92, reflecting an increase of 0.27 or 0.55%. Despite this slight uptick today, the stock has shown a negative performance over the past week, with a decline of 1.25%, and a more significant drop of 34.76% year-to-date. The stock is trading below all its moving averages, indicating a bearish trend. However, there has been a notable increase in investor participation, with delivery volume rising by 77.44% against the 5-day average. The company is facing challenges, including operating losses and a weak ability to service its debt, which contributes to its classification as a strong sell. The stock's return on equity is low, and it has consistently underperformed against benchmarks over the past three years.
In the broader market context, Waterbase's performance has lagged behind the Sensex, which has gained 4.58% year-to-date, while Waterbase has dropped 34.76%. This underperformance is further highlighted by the stock's returns over the past year, where it has generated a return of -35.42%, contrasting sharply with the benchmark's decline of only 3.77%. The overall market sentiment appears to be more favorable compared to Waterbase, which is struggling with negative EBITDA and a weak long-term fundamental strength, making it a risky investment in the current environment.