Why is Rajas. Tube Mfg falling/rising?

As of 30-Jun, Rajasthan Tube Manufacturing Co Ltd's stock price is rising, currently at Rs. 56.54, reflecting an increase of 1.1 (1.98%). The stock has recently reached a new 52-week high and has been on a positive trajectory, gaining 10.34% over the past week and 34.14% over the past month. Additionally, it has outperformed its sector today by 1.98%. The stock has shown consistent gains over the last five days, and trading volumes have significantly increased, indicating rising investor participation. However, despite these positive movements, the company faces challenges such as weak long-term fundamental strength, a high Debt to EBITDA ratio, and declining profits, which may temper investor enthusiasm.
In the broader market context, Rajasthan Tube Manufacturing Co Ltd has significantly outperformed the Sensex, with a year-to-date return of 544.70% compared to the Sensex's 7.00%. This strong performance in both the long and short term highlights the stock's appeal despite its underlying financial challenges. The stock's ability to generate substantial returns over the past year, alongside its recent price movements, suggests that investor sentiment remains strong, even as concerns about its long-term profitability and debt levels persist.