Why is Raymond Lifestyl falling/rising?

As of 16-Sep, Raymond Lifestyle Ltd's stock is currently priced at 1,329.50, reflecting an increase of 25.1 points or 1.92%. The stock has shown a positive performance today, outperforming its sector by 0.47%, and reached an intraday high of Rs 1348, marking a rise of 3.34%. Over the past week, the stock has gained 3.06%, and in the last month, it has surged by 29.03%. However, despite these short-term gains, the company has faced significant challenges, including a weak long-term fundamental strength with a -78.79% CAGR growth in operating profits over the last five years and negative results for the last three consecutive quarters. The recent increase in promoter confidence, with a 1.46% increase in their stake, suggests some optimism about the company's future, but the overall financial performance remains concerning.
Broader market context indicates that while Raymond Lifestyle Ltd has outperformed the benchmark Sensex in the short term, with a 1-week return of 3.06% compared to the Sensex's 1.58%, it has significantly underperformed over the longer term. Year-to-date, the stock has declined by 36.98%, while the Sensex has gained 5.43%. This stark contrast highlights the ongoing struggles of the company despite recent positive movements in its stock price. The liquidity of the stock remains adequate for trading, but the falling investor participation, with a notable drop in delivery volume, raises concerns about sustained interest in the stock amidst its long-term challenges.