Why is Everest Inds. falling/rising?

As of 19-Aug, Everest Industries Ltd's stock price is currently at 565.90, reflecting an increase of 13.35 (2.42%). The stock opened with a gain of 6.4% today and reached an intraday high of Rs 587.9. However, despite this short-term positive movement, the stock has shown a decline of 2.27% over the past month and a significant drop of 49.02% over the last year. The company has reported negative results for the last four consecutive quarters, with operating profit declining at an alarming rate of -204.54% over the past five years. Additionally, the stock is considered risky due to negative operating profits and a low stake from domestic mutual funds, which may indicate a lack of confidence in the company's future performance.
In the broader market context, while the stock has gained 5.38% over the past week, it has underperformed the benchmark Sensex, which has risen by 1.76% in the same period. The construction material sector has also seen a gain of 2.52%, suggesting some positive sentiment in the industry. However, the overall long-term outlook for Everest Industries remains bleak, with a year-to-date decline of 27.15% compared to a 4.49% increase in the benchmark. This stark contrast highlights the company's struggles relative to the broader market, further contributing to investor caution regarding its stock.