Why is Raj Oil Mills falling/rising?

As of 30-Jun, Raj Oil Mills Ltd's stock price is currently at 57.89, reflecting an increase of 0.87 or 1.53%. The stock has shown strong performance recently, outperforming its sector by 1.35% today and has experienced consecutive gains over the last two days, resulting in a total return of 2.93% during this period. Additionally, the stock has performed well over various time frames, with a 1-month return of 24.23% and a year-to-date return of 11.33%. The company has also reported positive results for the last three consecutive quarters, with significant increases in profit after tax and operating income, which likely contributes to the upward price movement. However, it is important to note that the company has a negative book value and a high debt-to-equity ratio, indicating potential long-term risks that could affect investor sentiment.
In the broader market context, Raj Oil Mills has outperformed the Sensex, which has increased by 2.09% over the past week, while Raj Oil Mills has risen by 2.99%. This trend of outperformance is consistent with the stock's strong returns compared to the benchmark over the last month and year, where it has significantly outpaced the Sensex's gains. However, the stock's liquidity has decreased, with a notable drop in delivery volume, which may indicate a potential concern for future trading activity. Overall, while the stock is currently rising due to positive short-term performance and financial results, the underlying risks associated with its long-term fundamentals could temper future growth prospects.