Why is Adinath Exim Res falling/rising?

As of 07-Jul, Adinath Exim Resources Ltd's stock price is rising, currently at Rs 76.57, reflecting an increase of 3.64 or 4.99%. The stock has shown impressive performance, gaining 31.99% over the past week and 32.36% over the past month. It has reached a new 52-week and all-time high today, outperforming its sector by 4.99%. The stock has been on a consecutive gain streak for the last five days, and it opened with a gain of 2.56% today. Additionally, the rising promoter confidence, with a 4.99% increase in their stake, signals strong belief in the company's future, despite the company facing operating losses and weak long-term fundamentals.
In the broader market context, Adinath Exim Resources has significantly outperformed the benchmark Sensex, which has seen a decline of 0.20% over the past week while the stock surged by 31.99%. This stark contrast highlights the stock's strong market position, particularly in the short term, as it has consistently generated high returns compared to the benchmark. However, it is important to note that despite the recent price increases, the company has reported poor long-term growth, with operating profits declining at an annual rate of -6.36%, which could pose risks for future performance.