Why is Rajesh Exports falling/rising?

As of 09-Sep, Rajesh Exports Ltd. is experiencing a price increase, currently trading at 197.85, which reflects a rise of 6.75 or 3.53%. The stock has shown strong performance recently, gaining 9.13% over the past week and outperforming its sector by 4.18% today. It has also been on a consecutive gain streak for the last two days, with an intraday high of Rs 198.85. Additionally, the stock is trading above its moving averages across various time frames, indicating positive momentum. However, despite these short-term gains, the company has faced significant long-term challenges, including a decline in operating profit and a substantial drop in net profit, which has contributed to a negative return of -31.89% over the past year.
In the broader market context, Rajesh Exports has outperformed the Sensex in the short term, with a 1-week return of +9.13% compared to the Sensex's +1.18%. Despite this positive short-term performance, the stock has consistently underperformed against the benchmark over the last three years, highlighting ongoing concerns regarding its long-term growth potential. The company's low debt-to-equity ratio is a positive factor, but the significant decline in profits and high valuation relative to peers raises caution among investors. Overall, while recent price movements are favorable, the underlying financial performance suggests a complex outlook for Rajesh Exports.