Why is Rain Industries falling/rising?

As of 11-Jun, Rain Industries Ltd is experiencing a price increase, with its current price at Rs 154.60, reflecting a rise of 5.95 (4.0%). The stock has shown strong performance today, outperforming its sector by 2.49% and achieving consecutive gains over the last three days, with a total return of 5.57% during this period. Additionally, the stock has been trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a positive trend. The recent increase in investor participation, highlighted by a 63.79% rise in delivery volume, further supports the stock's upward movement. Despite a year-to-date decline of 8.52%, the stock's profits have increased by 53.2%, and it is trading at a discount compared to its peers, which may attract more investors.
In the broader market context, Rain Industries has outperformed the benchmark Sensex over the past week, with a return of 4.46% compared to the Sensex's 1.87%. However, it has underperformed the benchmark over the longer term, with a year-to-date decline of 8.52% against the Sensex's gain of 5.60%. The increase in institutional investor participation, with a 1.2% rise in their stake, suggests a growing confidence in the company's potential despite its long-term fundamental weaknesses, such as a negative CAGR growth in operating profits and a high debt-to-EBITDA ratio. Overall, while the stock is currently rising, it faces challenges that could impact its future performance.