Why is Rama Steel Tubes falling/rising?

As of 10-Nov, Rama Steel Tubes Ltd's stock price is currently at 10.93, reflecting an increase of 0.37 or 3.5%. The stock has shown a strong performance recently, gaining 7.9% over the past week and outperforming its sector by 2.98% today. It has been on a consecutive gain streak for the last four days, trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages. However, despite this positive short-term momentum, the company has faced significant challenges, including negative results for the last six consecutive quarters, a decline in profits, and a reduction in promoter confidence, as they have decreased their stake by 10.08%.
In the broader market context, while Rama Steel Tubes has outperformed the Sensex by 7.90% over the past week, it has underperformed the benchmark over longer periods, with a year-to-date return of -9.29% compared to the Sensex's 6.91%. This indicates that while the stock is experiencing a short-term rebound, its long-term performance remains concerning, particularly given its negative profit trajectory and declining promoter confidence. The stock's current rise may be attributed to increased investor participation and liquidity, but the underlying financial issues and reduced stakeholder confidence suggest caution moving forward.