Why is Raymond falling/rising?

As of 25-Aug, Raymond Ltd's stock price is currently at 627.45, reflecting an increase of 6.75, or 1.09%. Today's price summary indicates that the stock has outperformed its sector by 1.72% and has experienced a trend reversal after three consecutive days of decline. However, it is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, suggesting a bearish trend overall. Despite a significant drop of 69.59% over the past year, the stock has a high return on equity (ROE) of 24.90% and is trading at a discount compared to its peers, which may attract some investors. Nonetheless, the stock's long-term growth prospects appear poor, with net sales declining at an annual rate of 13.03% over the last five years and a recent drop in institutional investor participation.
In the broader market context, Raymond's short-term return of 2.49% over the past week significantly outpaces the Sensex's return of 0.45%, indicating a relative strength in the short term. However, the stock has underperformed the benchmark over longer periods, including a 10.52% decline over the past month compared to a slight gain in the Sensex. This underperformance, coupled with negative financial results and a decrease in institutional stakes, suggests that while there may be short-term gains, the long-term outlook remains challenging for Raymond Ltd.