Why is Everest Inds. falling/rising?

As of 29-Aug, Everest Industries Ltd is experiencing a price increase, currently at 660.50, reflecting a rise of 45.5 or 7.4%. The stock has shown strong performance today, outperforming its sector by 7.36% and gaining 8.26% over the last two days. It opened with a gain of 7.14% and reached an intraday high of Rs 674.2, marking a 9.63% increase. However, despite this positive short-term movement, the company has faced significant challenges, including a poor long-term growth outlook with operating profits declining at an annual rate of -204.54% over the past five years. Additionally, the company has reported negative results for the last four consecutive quarters, with a substantial drop in profits, which may contribute to a cautious sentiment among investors.
In the broader market context, Everest Industries Ltd has outperformed the Sensex in the short term, with a 1-week return of +7.05% compared to the Sensex's -1.84% and a 1-month return of +18.59% against the Sensex's -1.88%. However, the stock has underperformed over the longer term, with a year-to-date decline of -14.97% while the Sensex has gained 2.14%. The low participation from domestic mutual funds, holding only 0.05% of the company, suggests a lack of confidence in the stock's valuation or business prospects. This combination of short-term gains against a backdrop of long-term challenges illustrates the complexity of the stock's current performance.