Why is Race Eco falling/rising?

As of 17-Jul, Race Eco Chain Ltd's stock price is currently at 232.95, reflecting a slight increase of 0.35 or 0.15%. The stock is 1.27% away from its 52-week low, indicating a relatively stable position despite recent fluctuations. The performance today aligns with the sector, although the stock's moving averages show it is higher than the 5-day average but lower than the 20, 50, 100, and 200-day averages. Additionally, there has been a significant drop in investor participation, with delivery volume falling by 52.63% against the 5-day average. Over the past week, the stock has shown a modest increase of 0.43%, while it has experienced a decline of 8.29% over the past month and a substantial drop of 39.65% year-to-date.
In the broader market context, the Sensex has decreased by 1.12% over the past week, suggesting that the stock's short-term performance is relatively better than the benchmark. Despite the recent challenges, the company has demonstrated strong long-term growth potential, with net sales increasing at an annual rate of 43.60% and operating profit rising by 132.04%. The company has reported outstanding results over the last three consecutive quarters, with net profit growth of 1290.91% and significant increases in both profit before tax and profit after tax. These positive factors may contribute to a more favorable outlook for the stock, even amidst its recent price fluctuations.