Why is Electronics Mart falling/rising?

As of 09-Jun, Electronics Mart India Ltd is experiencing a price increase, currently at Rs 130.15, reflecting a rise of Rs 6.75 or 5.47%. The stock has shown a positive performance today, outperforming its sector by 5.22% and achieving a consecutive gain over the last two days with a total return of 5.56%. Despite this recent uptick, the stock has underperformed over the longer term, with a year-to-date decline of 20.62% and a significant drop of 39.21% over the past year. The stock is trading at a fair valuation compared to its peers, but it has faced challenges, including negative results in the last three consecutive quarters and a decline in profits.
In the broader market context, the stock's short-term return of 4.45% over the past week is notably higher than the Sensex's return of 1.32%, indicating a relative strength in the short term. However, the stock's long-term performance remains concerning, as it has significantly lagged behind the benchmark, which has gained 5.51% year-to-date. The technical trend for the stock is sideways, suggesting a lack of clear momentum, and while the stock has improved from a mildly bearish stance, the overall negative sentiment from declining profits and underperformance in the past year continues to weigh on investor confidence.