Why is Revathi Equip falling/rising?

As of 28-Aug, Revathi Equipment India Ltd's stock price is currently at Rs 830.65, reflecting an increase of Rs 16.45 or 2.02%. Today's price summary indicates that the stock has outperformed its sector by 2.44% and has gained after four consecutive days of decline. It opened with a gain of 2.49% and reached an intraday high of Rs 834.65. However, the stock is still trading lower than its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages. Over the past week, the stock has seen a decline of 8.07%, and year-to-date, it has fallen by 58.20%, while the Sensex has gained 2.48%. The company has a high return on equity (ROE) of 24.03% and a low debt-to-equity ratio, but it has faced significant challenges, including a 35% drop in profits over the past year and negative results for the last three consecutive quarters.
In the broader market context, Revathi Equipment's short-term performance has been notably poor compared to the benchmark, with a 1-week decline of 8.07% against the Sensex's 2.34% drop. This indicates that while the overall market has faced challenges, Revathi Equipment has struggled even more significantly. The company's long-term growth prospects appear weak, with net sales declining at an annual rate of 16.00% and operating profit down 26.82% over the last five years. Despite the recent uptick in stock price, the underlying financial issues and poor sales performance suggest that investor sentiment may remain cautious.