Why is RattanIndia Ent falling/rising?

As of 19-Aug, RattanIndia Enterprises Ltd is experiencing a price increase, currently at Rs 53.83, reflecting a rise of 2.11 (4.08%). The stock has shown a positive performance today, outperforming its sector by 3.01% and has gained 5.81% over the last two days. However, despite this short-term gain, the stock has had a challenging year, with a year-to-date decline of 15.73% and a significant drop of 34.16% over the past year. The company has faced negative financial results, including a substantial decrease in operating profit and net sales, which has contributed to its poor long-term growth outlook. Additionally, the stock is considered risky due to negative EBITDA and a lack of confidence from domestic mutual funds, which hold only a small stake in the company.
In the broader market context, the stock's recent performance contrasts with the benchmark Sensex, which has shown a modest gain of 4.49% year-to-date. Over the past week, RattanIndia Enterprises Ltd has outperformed the benchmark with a return of 6.34%, while the Sensex has only increased by 1.76%. However, the stock's long-term performance remains concerning, as it has underperformed the market significantly over the last year. This combination of short-term gains amidst long-term struggles highlights the volatility and uncertainty surrounding the stock, influenced by both its financial health and market sentiment.