Why is Everest Inds. falling/rising?

As of 18-Jul, Everest Industries Ltd is experiencing a decline in its stock price, currently at 579.05, which reflects a decrease of 8.45 or 1.44%. The stock has recently underperformed its sector by 1.05% and has seen a trend reversal after four consecutive days of gains. Despite a positive performance over the past week and month, with returns of 5.32% and 11.94% respectively, the stock has faced significant challenges, including a year-to-date decline of 25.45% and a staggering 51.38% drop over the past year. The company has reported negative operating profits and has declared negative results for the last three consecutive quarters, contributing to its poor long-term growth outlook.
In the broader market context, while the Sensex has shown a slight gain of 0.38% over the past month, Everest Industries Ltd's performance has been notably worse, indicating a lack of investor confidence. The stock's liquidity remains adequate, but the low stake held by domestic mutual funds suggests a lack of comfort with the company's valuation. The significant decline in profits, alongside a negative operating profit trend, positions the stock as risky compared to its historical valuations, further exacerbating its underperformance relative to the market.