Why is Race Eco falling/rising?

As of 14-Jul, Race Eco Chain Ltd is experiencing a decline in its stock price, currently at Rs. 230.00, which represents a decrease of 0.85 or 0.37%. The stock has hit a new 52-week low today and has been on a consecutive downward trend for the last four days, resulting in a total decline of 2.52% during this period. Additionally, the stock is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages. Despite these challenges, the company has shown healthy long-term growth with a significant increase in net sales and operating profit, as well as impressive growth in net profit over the past quarters, which may provide some support to its valuation.
In the broader market context, Race Eco's performance over the past week has been worse than the benchmark Sensex, with a decline of 2.13% compared to the Sensex's drop of 1.42%. Over the past month, the stock has fallen by 10.16%, while the Sensex has increased by 1.40%. This underperformance highlights the stock's struggles relative to the market. However, the rising investor participation, indicated by an increase in delivery volume, suggests that there may be interest in the stock despite its recent price declines. Overall, the combination of short-term challenges and long-term growth potential presents a complex picture for Race Eco Chain Ltd.