Why is Everest Inds. falling/rising?

As of 02-Jul, Everest Industries Ltd's stock price is currently at 575.00, reflecting an increase of 7.0 or 1.23%. The stock has shown strong performance recently, gaining 13.41% over the last nine days and outperforming its sector by 1.2% today. In terms of returns, the stock has increased by 8.99% over the past week and 18.48% over the past month, although it has significantly underperformed over the year with a decline of 51.21%. Despite a low debt-to-equity ratio, the company has reported negative results for the last three consecutive quarters, with a substantial drop in operating profit and negative operating profits overall, which raises concerns about its long-term growth potential.
Broader market context indicates that while Everest Industries Ltd has experienced positive short-term returns, it has underperformed the broader market significantly over the past year, where the benchmark Sensex has returned 6.75%. The stock's recent gains contrast sharply with its long-term performance, where it has fallen by 25.97% year-to-date and 51.21% over the past year. This disparity suggests that while there may be short-term optimism reflected in the recent price movements, the underlying fundamentals and investor sentiment remain cautious, particularly given the company's ongoing financial struggles and low interest from domestic mutual funds.