Why is Renaiss. Global falling/rising?

As of 28-Jul, Renaissance Global Ltd is currently priced at 113.30, reflecting a decrease of 0.9 or 0.79%. The stock has been on a downward trend, having fallen for the last six consecutive days, resulting in a total decline of 5.39% during this period. Additionally, the stock is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a bearish sentiment. Despite this, the stock has outperformed its sector by 1.07% today. Over the past year, it has generated a return of 13.87%, while its profits have increased by 5.2%. However, the company shows weak long-term fundamental strength, with a negative CAGR growth in operating profits over the last five years, which may contribute to investor caution.
In the broader market context, Renaissance Global's recent performance contrasts with the benchmark, as it has declined by 3.49% over the past week compared to a 1.59% drop in the Sensex. While the stock has outperformed the market over the past year, the overall negative sentiment in the diamond and gold jewelry sector, which has fallen by 2.08%, may be influencing its current price movement. The rising promoter confidence, with a 3.52% increase in their stake, suggests a belief in the company's future potential, yet the weak long-term fundamentals and recent flat results may overshadow this positive sentiment, leading to the stock's current decline.