Why is Allcargo Logist. falling/rising?

As of 15-Oct, Allcargo Logistics Ltd is experiencing a price increase, currently trading at Rs 34.68, which reflects a rise of 3.1 or 9.82%. The stock has shown strong performance today, outperforming its sector by 9.25%, and reached an intraday high of Rs 36.4, marking a 15.26% increase. Despite this positive movement, the stock has a concerning long-term trajectory, with a significant decline of 42.81% over the past year and a staggering 53.98% drop over the last three years. The company has reported negative operating profits and a drastic fall in key financial metrics, including a -1440.9% decline in PAT for the last quarter, which raises concerns about its future growth potential. Additionally, there has been a decrease in institutional investor participation, which may further impact investor confidence.
In the broader market context, Allcargo Logistics Ltd has outperformed the benchmark Sensex in the short term, with a 1-week return of 11.65% compared to the Sensex's 1.02%. However, the stock's year-to-date performance remains poor, with a decline of 30.93% against the Sensex's gain of 5.72%. This inconsistent performance highlights the stock's volatility and the challenges it faces in regaining investor trust, especially given its high dividend yield of 3.48% at the current price, which may attract some investors despite the underlying financial issues. Overall, while the stock is currently rising, the long-term outlook remains uncertain due to its historical underperformance and negative financial results.