Why is Ramky Infra falling/rising?

As of 27-Jun, Ramky Infrastructure Ltd's stock price is currently at Rs 540.75, reflecting an increase of Rs 4.0 or 0.75%. The stock has shown a strong performance recently, with a 5.00% gain over the past week and a notable 16.04% increase over the past month, outperforming the Sensex, which rose by 2.00% and 3.07% respectively in the same periods. However, despite this recent uptick, the stock has experienced a significant decline of 15.63% year-to-date and a 6.35% drop over the past year. The stock's performance today included an intraday high of Rs 559, but it has seen a decrease in investor participation, with delivery volume falling by 14.95% against the 5-day average. The company's high debt levels and weak long-term fundamentals, including a debt-to-equity ratio of 2.51 and a return on equity of only 8.50%, continue to weigh on investor sentiment.
Broader Market Context: In the context of the broader market, Ramky Infrastructure Ltd has underperformed significantly over the past year, with a return of -6.35% compared to the BSE 500's gain of 4.10%. While the stock has outperformed the sector in the short term, the overall negative sentiment stemming from poor financial results, including a 15.88% decline in net sales and a substantial drop in profits, suggests that investors remain cautious. The company's high level of pledged promoter shares further exacerbates the risk, particularly in a falling market, which may contribute to the stock's volatility despite its recent gains.