Why is RACL Geartech falling/rising?

As of 04-Jul, RACL Geartech Ltd's stock price is rising, currently at 918.75, reflecting an increase of 12.75 or 1.41%. Today, the stock opened with a gain of 2.53% and reached an intraday high of Rs 945.6, outperforming its sector by 0.74%. However, despite this positive movement, the stock has shown a decline of 7.29% over the past month and a significant drop of 21.63% over the last year. The company has been experiencing falling investor participation, with delivery volume decreasing by 64.65% compared to the 5-day average. Additionally, while the stock is trading at a discount compared to its peers, it has faced challenges such as a high Debt to EBITDA ratio of 2.82 times and a decline in profits by 39.8%, which raises concerns about its long-term growth potential.
In the broader market context, RACL Geartech's short-term performance of +1.86% over the past week contrasts sharply with the Sensex, which has declined by 0.74%. While the stock has outperformed the benchmark in the short term, it has underperformed significantly over the longer term, with a year-to-date return of +4.64% compared to the Sensex's +6.77%. This underperformance is compounded by the company's negative financial results over the last five quarters, which have contributed to a lack of investor confidence. Despite today's rise, the overall trend indicates ongoing challenges for RACL Geartech in maintaining sustainable growth and profitability.