Why is Rajesh Exports falling/rising?

As of 17-Sep, Rajesh Exports Ltd. is experiencing a price increase, currently at Rs 204.50, reflecting a change of 1.9 (0.94%) upward. The stock has shown a positive performance today, outperforming its sector by 1.46% and achieving a consecutive gain over the last three days with a total return of 3.1%. It reached an intraday high of Rs 207.15, and is trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages. Despite this recent uptick, the company has faced significant challenges, including a poor long-term growth outlook with a -37.28% annual decline in operating profit over the last five years and a substantial drop in net profit. The stock's valuation appears expensive relative to its peers, with a price-to-book value of 0.4, and it has consistently underperformed against benchmarks over the past three years.
In the broader market context, Rajesh Exports has outperformed the Sensex in the short term, with a 3.20% gain over the past week compared to the Sensex's 1.56%. However, the stock's year-to-date performance remains negative at -11.51%, contrasting with the Sensex's positive return of 5.83%. This indicates that while the stock is currently experiencing a rise, its long-term performance has been lackluster, contributing to investor caution. The recent increase in delivery volume suggests rising investor participation, but the overall trend of underperformance against benchmarks and declining profits raises concerns about the sustainability of this upward movement.