Why is Race Eco falling/rising?

As of 08-Jul, Race Eco Chain Ltd's stock price is currently at Rs. 235.95, reflecting an increase of Rs. 0.95 or 0.4%. Despite this slight uptick, the stock has shown a negative performance trend, with a 1-week return of -3.32% and a 1-month return of -6.07%. Today's price summary indicates that the stock hit a new 52-week low of Rs. 230.05, and it is trading below all key moving averages, suggesting ongoing bearish sentiment. Additionally, there has been a significant drop in investor participation, with delivery volume decreasing by 23.22% compared to the 5-day average. While the company has reported impressive growth in net sales and profits, the low return on capital employed and high debt-to-EBITDA ratio indicate underlying financial challenges that may be contributing to investor caution.
In the broader market context, the Sensex has shown a slight increase of 0.02% over the past week, contrasting with Race Eco's decline. This underperformance is further highlighted by the stock's year-to-date return of -38.87%, compared to the Sensex's gain of 7.13%. The stock's negative returns over the past year (-44.52%) and the last three years suggest a persistent trend of underperformance relative to the broader market. Despite the company's strong growth metrics, the combination of poor management efficiency, high debt levels, and a lack of liquidity may be leading investors to remain skeptical about its future performance, resulting in a cautious approach to trading the stock.