Why is Relaxo Footwear falling/rising?

As of 15-Jul, Relaxo Footwears Ltd is currently priced at 494.50, reflecting an increase of 4.25 or 0.87%. The stock has shown a trend reversal, gaining after two consecutive days of decline. However, it has underperformed its sector by 0.33% today, and the delivery volume has significantly decreased by 68.13% compared to the 5-day average, indicating falling investor participation. Over the past week, the stock has only gained 0.10%, while it has performed better over the past month with a return of 16.97%. Despite this recent uptick, the stock has a concerning long-term outlook, with a negative operating profit growth rate of -5.68% over the last five years and a return on equity (ROE) of just 8.1, suggesting an expensive valuation compared to its peers.
In the broader market context, the stock's short-term performance contrasts with the benchmark, as it has gained 0.10% over the past week while the Sensex has declined by 1.36%. Despite this recent rise, the stock has consistently underperformed against the benchmark over the last three years, with a staggering -39.41% return in the past year compared to the Sensex's 2.36% gain. The company's negative results over the last four consecutive quarters and a low cash position further contribute to its weak long-term growth prospects, reinforcing the perception of the stock as a strong sell.