Why is Rajesh Exports falling/rising?

As of 10-Jul, Rajesh Exports Ltd. is experiencing a price increase, with the current price at Rs 206.65, reflecting a change of 3.65 (1.8%) upwards. The stock has shown positive momentum, gaining 2.45% over the last two days and outperforming its sector by 2.06% today. It reached an intraday high of Rs 209.25, and its delivery volume has increased by 14.86% compared to the 5-day average, indicating rising investor participation. However, despite these short-term gains, the stock has a concerning long-term performance, with a significant decline of 34.47% over the past year and a staggering 65.12% drop over the last three years. The company has a low debt-to-equity ratio and high institutional holdings at 25.82%, which may provide some stability, but the negative operating profits and poor growth rates raise red flags for potential investors.
In the broader market context, Rajesh Exports' recent performance contrasts with the benchmark, as it has outperformed the Sensex by 2.61% over the past week, while the Sensex has seen a slight decline of 0.06%. However, the stock's year-to-date performance remains troubling, with a decline of 10.58% compared to the Sensex's gain of 6.46%. This consistent underperformance against the benchmark over the last three years, coupled with a significant drop in operating profit and negative returns, suggests that while there may be short-term gains, the long-term outlook for Rajesh Exports remains precarious.