Why is RACL Geartech falling/rising?

As of 19-Aug, RACL Geartech Ltd's stock price is rising, currently at Rs 866.00, reflecting an increase of Rs 49.0 or 6.0%. Today's performance indicates a trend reversal as the stock has gained after three consecutive days of decline, opening with a gain of 4.22% and reaching an intraday high of Rs 870.8. Despite a negative return of -17.53% over the past year, the stock has outperformed its sector by 3.54% today, and there has been a significant increase in investor participation, with delivery volume rising by 226.18% against the five-day average. However, the stock's fundamentals reveal a high Debt to EBITDA ratio of 2.82 times and a decline in profits by -20%, which may weigh on investor sentiment.
In the broader market context, RACL Geartech's short-term performance contrasts with the benchmark, as it has underperformed the Sensex over the past week and month, with returns of -6.58% and -4.75%, respectively, while the Sensex has seen gains. The auto ancillary sector has experienced a rise of 2.48%, which may have contributed to the stock's current upward movement. Despite the positive short-term price action, the stock's long-term growth prospects appear limited, as indicated by low operating profit growth and minimal domestic mutual fund investment, suggesting that while the stock is currently rising, underlying concerns about its financial health and market position remain.