Why is Rajnish Wellness falling/rising?

As of 26-Jun, Rajnish Wellness Ltd's stock price is currently at Rs 0.85, reflecting an increase of Rs 0.01 or 1.19%. The stock has recently shown signs of a trend reversal, gaining after eight consecutive days of decline. However, it remains close to its 52-week low, just 2.35% away from Rs 0.83. Despite this recent uptick, the stock has underperformed significantly over various periods, with a year-to-date decline of 40.56% and a staggering 85.97% drop over the past year. Positive factors include a healthy long-term growth rate in net sales and operating profit, alongside increased participation from institutional investors, which may provide some support to the stock's price.
In contrast, the broader market context shows that the Sensex has performed well, gaining 2.94% over the past week and 7.19% year-to-date. This stark contrast highlights the stock's underperformance relative to the benchmark. The company's high Debt to EBITDA ratio and negative operating profits raise concerns about its financial health, contributing to its overall riskiness. While the recent increase in delivery volume suggests rising investor interest, the significant historical losses and low profitability per unit of shareholders' funds indicate that the stock remains under pressure despite today's positive movement.