Why is Race Eco falling/rising?

As of 11-Jul, Race Eco Chain Ltd's stock price is currently at Rs. 230.85, reflecting a decrease of Rs. 1.1 or 0.47%. The stock has recently hit a new 52-week low today and has been on a consecutive decline for the last three days, resulting in a total drop of 2.16% during this period. In terms of performance, the stock has underperformed significantly over various time frames, with a 1-month decline of 10.85% and a year-to-date drop of 40.19%. Although the company has reported impressive growth in net sales and profits, with a 1290.91% increase in net profit and positive results for the last three quarters, concerns about poor management efficiency, a high debt-to-EBITDA ratio, and low return on capital employed are negatively impacting investor sentiment.
In the broader market context, Race Eco Chain Ltd's short-term performance has been notably worse than the benchmark, with a 1-week return of -4.98% compared to the Sensex's -1.12%. This stark contrast highlights the stock's struggles relative to the market, contributing to a decline in investor participation, as evidenced by a significant drop in delivery volume. The stock's liquidity remains adequate for trading, but the overall negative sentiment surrounding its financial health and performance metrics has led to a lack of confidence among investors, further exacerbating its price decline.