Why is Rites falling/rising?

As of 11-Aug, Rites Ltd. is currently priced at 250.15, reflecting an increase of 3.5 or 1.42%. Today's performance indicates a positive trend as the stock has outperformed its sector by 3.64% and has gained after four consecutive days of decline. However, it is important to note that Rites is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, suggesting a bearish trend in the longer term. The stock has experienced significant underperformance over the past year, with a return of -26.86%, while its net sales and operating profit have shown negative growth rates. Despite a high return on equity (ROE) of 18.33% and a low debt-to-equity ratio, the company faces challenges with poor long-term growth and a high valuation relative to its peers.
In the broader market context, Rites Ltd. has underperformed the benchmark, with a one-year return of -26.86% compared to the Sensex's gain of 1.13%. Although the stock has seen a short-term uptick, its overall performance remains weak, particularly in the face of declining sales and profits. The market has generated negative returns of -1.85% over the past year, but Rites' decline has been significantly steeper, indicating a lack of investor confidence. The high dividend yield of 3.49% may provide some appeal, but the overall financial metrics suggest that the stock's recent rise may not be sustainable without improvements in its fundamental performance.