Why is Rajratan Global falling/rising?

As of 03-Nov, Rajratan Global Wire Ltd's stock price is rising, currently at 450.85, reflecting an increase of 19.05 (4.41%). The stock has shown strong performance recently, gaining 17.56% over the past week and outperforming its sector by 3.8%. It has experienced consecutive gains for the last five days, with an intraday high of Rs 483.75. Additionally, the stock is trading above its moving averages across various time frames, indicating positive momentum. The company has also reported improved financial results after four consecutive negative quarters, showcasing high management efficiency with a return on capital employed (ROCE) of 18.20%. However, it faces challenges such as a high Debt to EBITDA ratio of 5.01 times and a decline in profits over the past year, which may temper investor enthusiasm.
In the broader market context, Rajratan Global's short-term return of +17.56% over the past week stands in stark contrast to the Sensex, which has declined by 0.94% during the same period. While the stock has underperformed the benchmark over the longer term, including a -16.82% return over the past year compared to the Sensex's +5.34%, its recent performance indicates a potential turnaround. The stock's liquidity is adequate for trading, and rising investor participation suggests growing interest, which could further support its upward price movement.