Why is Everest Inds. falling/rising?

As of 20-Aug, Everest Industries Ltd is experiencing a significant rise in its stock price, currently at 636.25, reflecting an increase of 70.35 or 12.43%. The stock has shown strong performance today, outperforming its sector by 12.5% and gaining 15.15% over the last two days. It opened with an impressive gain of 8.92% and reached an intraday high of Rs 679, marking a 19.99% increase. However, despite these short-term gains, the company has faced poor long-term growth, with operating profit declining at an annual rate of -204.54% over the last five years and negative results reported for the last four consecutive quarters. This backdrop of declining profits, alongside a low debt-to-equity ratio of 0.13, presents a mixed picture for investors.
In the broader market context, Everest Industries Ltd has outperformed the benchmark Sensex in the short term, with a 1-week return of +15.87% compared to the Sensex's +1.64%. However, the stock has underperformed over the longer term, with a year-to-date return of -18.09% against the Sensex's +4.76%. The stock's significant drop of -42.68% over the past year further highlights its struggles relative to the broader market, which has only seen a slight decline of -1.20%. The limited interest from domestic mutual funds, holding only 0.05% of the company, may indicate a lack of confidence in the stock's valuation and business prospects, adding to the overall cautious sentiment surrounding Everest Industries Ltd.