Why is Everest Kanto falling/rising?

As of today, the stock of Everest Kanto is experiencing a rise of 3.41% over the past week. Although today's price summary data is not available, the stock has shown a mixed performance in the longer term, with a year-to-date decline of 21.37% and a one-year drop of 27.43%. Positive factors contributing to its recent movement include a low debt-to-equity ratio of 0.08, healthy long-term growth with an operating profit increase of 27.20% annually, and strong results reported for June 25, including a highest dividend payout ratio of 14.74% and net sales growth of 20.99%. Despite these positives, the stock's performance has been hindered by a lack of domestic mutual fund investment, which may indicate a lack of confidence in its current valuation.
In the broader market context, the stock's recent rise of 3.41% over the past week contrasts sharply with the Sensex, which has declined by 0.34% during the same period. However, the stock has underperformed significantly over the past year compared to the broader market, which has seen a decline of only 3.33%. This underperformance, coupled with the fact that domestic mutual funds hold no stake in the company, suggests that while there may be short-term gains, the long-term outlook remains cautious due to the stock's substantial decline relative to market benchmarks.