Why is Everest Inds. falling/rising?

As of 17-Jul, Everest Industries Ltd's stock price is currently at Rs 587.50, reflecting an increase of Rs 11.5 or 2.0%. The stock has been on a positive trajectory, gaining for the last four consecutive days and achieving a total return of 6.86% during this period. It has outperformed its sector by 1.61% today and reached an intraday high of Rs 587.5. Despite these short-term gains, the company has faced significant challenges, including a poor long-term growth outlook with operating profits declining at an annual rate of -186.65% over the last five years. Additionally, the company has reported negative results for the last three consecutive quarters, which has contributed to a substantial year-over-year decline of -52.84% in stock returns.
In the broader market context, Everest Industries Ltd has outperformed the Sensex in the short term, with a 1-week return of +6.82% compared to the Sensex's -1.12%. However, the stock has significantly underperformed over the longer term, with a year-to-date decline of -24.36% against the Sensex's +5.27%. The low participation from domestic mutual funds, holding only 0.05% of the company, may indicate a lack of confidence in the stock's valuation or business prospects. Overall, while the recent price movement shows a positive trend, the underlying financial challenges and poor long-term performance suggest caution for investors.