Why is Rishiroop falling/rising?

As of 26-Aug, Rishiroop Ltd's stock price is currently at Rs 133.40, reflecting an increase of Rs 1.95 or 1.48%. The stock has shown a positive trend recently, gaining 4.22% over the last two days and outperforming its sector by 2.23% today. It opened with a gain of 4.11% and reached an intraday high of Rs 136.85. Despite a year-to-date decline of 40.75%, the stock has performed well in the short term, with a 5.79% increase over the past week and a 4.59% rise over the past month. However, the company has faced challenges, including a significant drop in profits by 56.4% over the past year, which has contributed to its overall negative return of -25.60% in the last year.
In the broader market context, Rishiroop Ltd has underperformed compared to the Sensex, which has gained 3.39% year-to-date. While the stock has shown resilience in the short term, its long-term performance remains concerning, especially given the negative returns relative to the market. The company's low debt-to-equity ratio and attractive valuation may provide some support, but the flat results in recent quarters and reliance on non-operating income raise questions about its sustainability. Overall, while the stock is currently rising, the underlying financial challenges and historical performance suggest caution for investors.