Why is Race Eco falling/rising?

As of 30-Jul, Race Eco Chain Ltd is currently priced at Rs. 235.00, reflecting an increase of 1.05 (0.45%). The stock has experienced a decline of 5.68% over the past week and 5.32% over the past month, while it has seen a significant drop of 39.12% year-to-date and 43.39% over the past year. Despite hitting a new 52-week low of Rs. 226 today, the stock has shown some positive movement recently, gaining 0.64% over the last two days. The company has reported healthy long-term growth, with net sales increasing at an annual rate of 43.60% and a remarkable growth in net profit of 1290.91%, which has contributed to its positive results over the last three consecutive quarters.
In the broader market context, the Sensex has declined by 1.50% over the past week and 2.54% over the past month, indicating that the stock's short-term performance is worse than the benchmark. However, Race Eco's long-term performance remains strong, with a 49.78% increase over the past three years, significantly outperforming the Sensex's 41.53% increase in the same period. The rising investor participation, with a 4.77% increase in delivery volume, suggests a growing interest in the stock, despite its current struggles. Overall, while the stock has faced significant declines recently, its strong fundamentals and recent positive performance may provide a basis for cautious optimism among investors.