Why is Race Eco falling/rising?

As of 15-Jul, Race Eco Chain Ltd's stock price is currently at 232.75, reflecting an increase of 2.75 or 1.2%. The stock has shown a trend reversal today after four consecutive days of decline, reaching an intraday high of Rs 237. However, it remains close to its 52-week low, just 1.18% away. Over the past week, the stock has decreased by 1.36%, and it has significantly underperformed over the past month and year, with declines of 9.08% and 45.61%, respectively. Despite these challenges, the company has reported strong long-term growth metrics, including a remarkable annual increase in net sales of 43.60% and a staggering growth in net profit of 1290.91%, which may contribute to the stock's recent uptick.
In the broader market context, the Sensex has remained relatively stable, gaining 1.79% over the past month, contrasting with Race Eco's significant decline. This disparity highlights the stock's underperformance compared to the benchmark. Additionally, the stock's liquidity is adequate for trading, but there has been a notable decrease in investor participation, with delivery volume dropping by 37.92% against the five-day average. The majority of shareholders are non-institutional, which may influence the stock's volatility. Overall, while the company has demonstrated strong financial results in recent quarters, the stock's recent price movement reflects a complex interplay of short-term challenges against a backdrop of long-term growth potential.