Why is Rain Industries falling/rising?

As of 29-Oct, Rain Industries Ltd is experiencing a price increase, with its current price at Rs 136.05, reflecting a rise of Rs 2.8 or 2.1%. The stock has been on an upward trend, gaining for the last seven days and achieving a total return of 7.98% during this period. Today's performance is in line with the sector, and the stock reached an intraday high of Rs 137.8. While it is currently above its 5-day and 20-day moving averages, it remains below the longer-term moving averages. Positive factors contributing to this rise include strong quarterly results with a significant increase in profit after tax and net sales, alongside an attractive valuation compared to peers. However, the stock's long-term fundamentals are concerning, with a negative CAGR in operating profits over the last five years and a high debt-to-EBITDA ratio, which may weigh on investor sentiment.
In the broader market context, Rain Industries has outperformed the benchmark Sensex in the short term, with a 1-week return of 6.33% compared to the Sensex's 0.68%. Despite this recent outperformance, the stock has struggled over the longer term, with a year-to-date return of -19.50% against the Sensex's 8.78%. Additionally, there has been a decline in institutional investor participation, which could indicate a lack of confidence in the stock's long-term prospects. Overall, while the recent price movement reflects positive short-term performance, underlying weaknesses in fundamentals and institutional interest may pose challenges ahead.