Why is Rane (Madras) falling/rising?

As of 02-Sep, Rane (Madras) Ltd is experiencing a price increase, with its current price at Rs 852.55, reflecting a rise of Rs 19.8 or 2.38%. The stock has shown a trend reversal, gaining after five consecutive days of decline, and it outperformed its sector by 2.12% today. The stock reached an intraday high of Rs 874.45, which is a 5.01% increase. However, despite this positive movement, the stock has a mixed performance over different periods, with a 1-week decline of 2.90% and a year-to-date decrease of 1.44%. While the operating profit has grown at an annual rate of 31.52%, the stock has generated a return of -29.54% over the past year, indicating significant profit declines of 78.8%.
In the broader market context, Rane (Madras) Ltd's recent performance contrasts with the benchmark Sensex, which has seen a slight decline of 0.78% over the past week and a marginal decrease of 0.55% over the past month. The stock's current upward movement may be attributed to its attractive valuation compared to peers and positive operating cash flow results. However, the falling investor participation, as indicated by a 28.44% drop in delivery volume, suggests caution among investors. Overall, while the stock is currently rising, its long-term performance remains under scrutiny due to significant past losses and declining profits.