Why is Everest Inds. falling/rising?

As of 16-Jul, Everest Industries Ltd's stock price is currently at 576.00, reflecting an increase of 10.95 (1.94%). The stock has been gaining for the last three days, with a total return of 4.77% during this period. In the past week, it has outperformed the sector by 1.83% and has shown a 6.94% increase over the last month. However, the stock has a concerning long-term performance, with a year-to-date decline of 25.84% and a staggering 53.77% drop over the past year. The company has reported negative results for the last three consecutive quarters, with significant declines in both profit before tax and profit after tax, which raises concerns about its financial health. Additionally, the low participation from domestic mutual funds, holding only 0.05% of the company, suggests a lack of confidence in its future prospects.
In the broader market context, while Everest Industries Ltd has shown positive short-term returns, the benchmark Sensex has experienced a decline of 1.08% over the past week. This indicates that the stock's recent gains are somewhat isolated, as it has underperformed the market significantly over the past year, where the Sensex has generated a positive return of 2.38%. The stock's liquidity appears adequate for trading, but the falling delivery volume indicates waning investor interest. Overall, despite the recent uptick in price, the long-term outlook remains negative due to poor operating profits and a lack of institutional support, which could weigh on future performance.