Why is Rajesh Exports falling/rising?

As of 25-Jun, Rajesh Exports Ltd. is experiencing a price increase, currently at Rs 196.65, reflecting a rise of 11.95 or 6.47%. Today's performance indicates that the stock has outperformed its sector by 3.08%, reaching an intraday high of Rs 201.25. However, despite this short-term gain, the stock has shown a negative return of -1.99% over the past month and a significant decline of -31.30% over the last year. The company maintains a low debt-to-equity ratio and high institutional holdings at 25.82%, which may provide some stability. Nonetheless, the long-term outlook appears concerning due to poor growth in operating profit and negative operating profits, which have contributed to its underperformance against benchmarks over the past three years.
In the broader market context, Rajesh Exports has outperformed the Sensex by 2.37% over the past week, while the benchmark has shown a modest gain of 1.61%. However, the stock's year-to-date performance is notably poor, with a decline of -14.91% compared to the Sensex's increase of 5.91%. This consistent underperformance highlights the challenges faced by the company, particularly in light of its negative operating profits and the significant drop in profits over the past year. The overall market sentiment may be influenced by the recent gains in the diamond and gold jewelry sector, which rose by 3.4%, yet the falling investor participation and liquidity issues could hinder sustained upward momentum for Rajesh Exports.