Why is Raymond Lifestyl falling/rising?

As of 24-Sep, Raymond Lifestyle Ltd's stock price is currently at 1,267.00, reflecting an increase of 1.4 (0.11%). The stock has shown a positive performance today, outperforming its sector by 0.54% and has gained consecutively for the last two days, with a total return of 1.1% during this period. It opened with a notable gain of 2.7% and reached an intraday high of Rs 1299.8. However, despite this short-term uptick, the stock has underperformed significantly over the past year, with a decline of 47.54%, while the broader market has only fallen by 3.77%. The recent increase in promoter confidence, with a 1.46% increase in their stake, indicates a belief in the company's future, but this is tempered by the company's weak long-term fundamentals, including negative results for the last three quarters and a significant drop in operating profits.
In the broader market context, while Raymond Lifestyle Ltd has experienced a short-term rise, it remains in a challenging position compared to the benchmark. Over the past week, the stock has decreased by 4.09%, contrasting with the Sensex's decline of only 1.18%. This suggests that while the stock is currently gaining, it is still struggling to keep pace with the market overall. The falling investor participation, indicated by a 13.96% drop in delivery volume, raises concerns about the stock's liquidity and investor interest, which could impact its future performance. Overall, the stock's recent rise appears to be a temporary reaction to specific factors rather than a reversal of its longer-term downward trend.