Why is Race Eco falling/rising?

As of 21-Aug, Race Eco Chain Ltd's stock price is currently at 227.50, reflecting an increase of 5.7, or 2.57%. The stock has been gaining for the last two days, with a total return of 3.41% during this period. It outperformed its sector by 2.76% today and reached an intraday high of Rs 228.95. However, the stock has shown poor performance over the past week and month, with returns of -0.24% and -7.89%, respectively. Despite these recent gains, the stock is trading below its moving averages, indicating a potential struggle in maintaining upward momentum. Positive factors contributing to the stock's rise include significant growth in net sales and profit, with net profit increasing by 250% and consistent positive results over the last four quarters. However, concerns about management efficiency and high debt levels, reflected in a low ROCE and a high Debt to EBITDA ratio, may temper investor enthusiasm.
In the broader market context, the stock's short-term performance has been underwhelming compared to the Sensex, which has gained 1.74% over the past week. While Race Eco's recent gains are noteworthy, its year-to-date performance shows a decline of 41.06%, contrasting sharply with the Sensex's increase of 4.94%. This disparity highlights the challenges Race Eco faces in regaining investor confidence amid its historical underperformance and ongoing financial concerns.