Why is Rajesh Exports falling/rising?

As of 16-Jul, Rajesh Exports Ltd. is experiencing a price increase, currently at Rs 206.65, reflecting a change of 1.65 (0.8%) upward. The stock has shown a positive trend recently, gaining 2.68% over the last three days and outperforming its sector by 0.76% today. Additionally, it has outperformed the benchmark with a 1.80% increase over the past week, while the Sensex has declined by 1.08%. Despite these short-term gains, the stock has faced significant long-term challenges, with a staggering 33.35% decline over the past year and a 65.06% drop over the last three years. The company's low debt-to-equity ratio and high institutional holdings at 25.82% suggest some confidence among larger investors, but the negative operating profit trends and poor long-term growth raise concerns about sustainability.
In the broader market context, while Rajesh Exports has shown some resilience in the short term, it has consistently underperformed against the benchmark over the last three years, indicating a troubling trend. The stock's recent performance contrasts sharply with the overall market, as it has generated negative returns over the longer term, with profits falling by 91.6% in the past year. This underperformance, coupled with flat results and risky trading conditions, suggests that while there may be short-term gains, the long-term outlook remains precarious, reflecting a complex interplay of investor sentiment and fundamental challenges.