Why is Raymond Lifestyl falling/rising?

As of 21-Aug, Raymond Lifestyle Ltd's stock price is currently at Rs 1,186.85, reflecting a decline of Rs 51.05 or 4.12%. The stock has underperformed its sector by 3.82% today and has experienced a trend reversal after three consecutive days of gains. It touched an intraday low of Rs 1,182, indicating a significant drop of 4.52%. Over the past week, the stock has shown a positive return of 15.30%, although it has declined by 1.10% over the past month and has a year-to-date drop of 43.75%. Despite a recent increase in promoter confidence, with a 1.46% rise in their stake, the company has reported negative results for the last three consecutive quarters, leading to concerns about its long-term fundamental strength.
Broader market context indicates that while the Sensex has gained 1.74% over the past week, Raymond Lifestyle's performance has been significantly weaker, highlighting its struggles in comparison to the broader market. The company's weak long-term fundamentals, characterized by a -78.79% CAGR growth in operating profits over the last five years and a low return on equity of 5.73%, further contribute to investor skepticism. The stock's liquidity remains adequate for trading, but the overall negative sentiment surrounding its financial performance and recent quarterly losses has overshadowed the positive signals from rising promoter confidence.