Why is Raymond Lifestyl falling/rising?

As of 01-Aug, Raymond Lifestyle Ltd's stock price is currently at 1,167.30, reflecting an increase of 27.3, or 2.39%. The stock has shown a positive performance today, outperforming its sector by 5.14%, and has been on a consecutive gain for the last two days, rising 4.23% during this period. Despite a challenging month where the stock is down 9.09%, it has performed well in the past week with a gain of 6.53%. Additionally, promoter confidence has increased, with a 1.46% rise in their stake, indicating a belief in the company's future. However, the company has faced significant challenges, including a -14.71% drop in net sales and negative results for the last two quarters, which have contributed to a weak long-term fundamental outlook.
In the broader market context, the stock's recent performance contrasts with the benchmark Sensex, which has declined by 1.06% over the past week. While Raymond Lifestyle Ltd has shown resilience in the short term, the overall year-to-date performance remains concerning, with a decline of 44.67% compared to a modest gain of 3.15% for the Sensex. The textile sector has also faced a downturn, falling by 2.86%, which adds to the challenges faced by the company. Despite the recent uptick in stock price, the underlying financial difficulties and sector performance suggest a cautious outlook moving forward.