Why is Rajapalayam Mill falling/rising?

As of 30-Jul, Rajapalayam Mills Ltd is experiencing a price increase, currently at Rs 970.00, reflecting a rise of Rs 27.0 or 2.86%. The stock has shown positive momentum, gaining for the last two days with a total return of 4.3% during this period. It outperformed its sector by 2.87% today and reached an intraday high of Rs 977.5, although it also touched a low of Rs 920. The stock is trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a bullish trend. However, the company has significant long-term weaknesses, including a -215.55% CAGR growth in operating profits over the last five years and a poor EBIT to interest ratio of 0.62, which raises concerns about its ability to service debt and overall profitability.
In the broader market context, Rajapalayam Mills has underperformed compared to the benchmark Sensex, which has shown a return of -1.50% over the past week, while the stock itself has declined by -1.12%. Despite this recent uptick, the stock has a year-to-date return of -13.77%, significantly worse than the Sensex's positive return of 4.28%. The company's weak long-term fundamentals and low domestic mutual fund interest suggest that while there may be short-term gains, the overall outlook remains cautious, particularly given the stock's substantial decline of -16.66% over the past year compared to the market's minor drop.