Why is RattanIndia Ent falling/rising?

As of 05-Sep, RattanIndia Enterprises Ltd is experiencing a rise in its stock price, currently at Rs 61.99, reflecting an increase of 2.97 or 5.03%. The stock has shown a positive trend today, gaining after three consecutive days of decline, and it outperformed its sector by 4.74%. It reached an intraday high of Rs 63.98, indicating strong intraday performance. However, despite this short-term gain, the stock has underperformed over the past year with a return of -22.50%, significantly worse than the benchmark's decline of -1.81%. Additionally, the stock's long-term growth prospects appear poor, with operating profit declining at an alarming rate of -383.67% over the last five years, and recent quarterly results showing substantial drops in profit before tax and net sales.
In the broader market context, RattanIndia's recent performance aligns with a stable benchmark return of +1.13% over the past week, suggesting that the stock's rise is not solely driven by overall market trends. The stock's liquidity remains adequate for trading, but a notable decline in investor participation, with delivery volume dropping by 64.15% against the five-day average, raises concerns about sustained interest. Furthermore, the low stake held by domestic mutual funds, at only 0.47%, may indicate a lack of confidence in the company's valuation or business fundamentals, which could impact future price movements. Overall, while the stock is currently rising, significant underlying challenges remain that could affect its long-term trajectory.