Why is Rajratan Global falling/rising?

As of 29-Aug, Rajratan Global Wire Ltd's stock price is currently at 311.40, reflecting an increase of 3.4 (1.1%). Today, the stock has shown a positive movement, gaining after five consecutive days of decline, and opened with a gap up of 4.69%. It reached an intraday high of Rs 322.45. Despite this short-term gain, the stock has underperformed significantly over the past week and month, with returns of -4.18% and -20.66%, respectively. The company's performance has been hindered by a substantial decline of -47.71% over the past year, alongside a drop in profits by -23.5%. While the stock exhibits high management efficiency and a strong ability to service debt, it has declared negative results for the last four consecutive quarters, contributing to its overall poor long-term growth outlook.
In the broader market context, Rajratan Global's recent performance contrasts with the benchmark, as it has outperformed the sector by 0.57% today, despite its consistent underperformance against the benchmark over the last three years. The Sensex has shown a slight decline of -1.84% over the past week and -1.88% over the past month, indicating a challenging market environment. However, the stock's liquidity remains adequate, with increased investor participation noted in recent trading volumes. Overall, while the stock is experiencing a brief uptick, its long-term trajectory remains concerning due to ongoing negative financial results and significant underperformance relative to broader market indices.