Why is Everest Inds. falling/rising?

As of 21-Aug, Everest Industries Ltd is currently priced at 629.95, reflecting a decline of 6.3 or 0.99%. Today's price summary indicates that the stock has underperformed its sector by 1.69% and has experienced a trend reversal after two consecutive days of gains. Although it opened with a gain of 2% and reached an intraday high of Rs 658.1, it also touched a low of Rs 621.35 during the day. The stock has shown a positive short-term performance, with a 1-week return of 8.61% and a 1-month return of 10.06%. However, the company faces significant challenges, including a poor long-term growth outlook with operating profits declining at an annual rate of -204.54% over the last five years and negative results for the last four consecutive quarters. This has contributed to a substantial year-to-date decline of 18.90% and a one-year drop of 44.34%, indicating a lack of investor confidence.
Broader market context shows that while the Sensex has generated a positive return of 1.74% over the past week and 4.94% year-to-date, Everest Industries Ltd has significantly underperformed, particularly over the last year where it fell by 44.34% compared to the market's decline of only 1.56%. The stock's liquidity appears adequate, with rising investor participation noted, but the low stake held by domestic mutual funds suggests a lack of confidence in the company's future performance. Overall, the combination of poor financial results, negative operating profits, and underperformance relative to the broader market has led to the current decline in the stock price.