Why is RCI Industries falling/rising?

As of 07-Jul, RCI Industries & Technologies Ltd is experiencing a price increase, currently at 5.98, which reflects a change of 0.28 or 4.91% upward. The stock has shown a strong performance over the past month with an increase of 11.78%, significantly outperforming the benchmark Sensex, which only rose by 1.53%. Despite this positive short-term movement, the stock has faced challenges, including erratic trading patterns, as it did not trade on three days out of the last 20. Additionally, while the stock is trading above its moving averages, there has been a notable decline in investor participation, with delivery volume dropping by 26.52% compared to the five-day average. The company has also reported negative results for the last 13 consecutive quarters, which raises concerns about its long-term fundamental strength.
Broader market context indicates that while RCI Industries has outperformed the market in the short term, its long-term performance has been lackluster, with a decline of 55.11% over the past five years compared to a 127.52% increase in the benchmark. The stock's recent rise can be attributed to its market-beating performance over the past year, generating a return of 22.54%, which is much higher than the BSE500's return of 1.74%. However, the lack of declared results in the last six months and ongoing negative financial performance suggest that the stock may be trading at risky levels compared to its historical valuations, which could impact future investor confidence.