Why is Raymond Lifestyl falling/rising?

As of 04-Aug, Raymond Lifestyle Ltd's stock price is currently at 1,197.45, reflecting an increase of 26.05 or 2.22%. The stock has shown a strong performance recently, gaining 6.92% over the last three days and outperforming its sector by 1.88% today. Additionally, the stock has touched an intraday high of Rs 1208.9, indicating positive momentum. Despite a year-to-date decline of 43.24%, the recent increase in promoter confidence, with a 1.46% increase in their stake, suggests a belief in the company's future potential. However, the company has faced significant challenges, including a -14.71% drop in net sales and negative results over the last two quarters, which raises concerns about its long-term profitability.
In the broader market context, Raymond Lifestyle Ltd has outperformed the Sensex in the short term, with a 1-week return of +9.77% compared to the Sensex's +0.16%. This indicates that while the stock is experiencing a positive short-term trend, it still faces substantial long-term challenges, as evidenced by its -5.56% return over the past month and a stark -43.24% decline year-to-date. The contrasting performance highlights the volatility and uncertainty surrounding the company's financial health, despite recent positive movements in its stock price.