Why is Ramky Infra falling/rising?

As of 08-Jul, Ramky Infrastructure Ltd is experiencing a price increase, currently at Rs 606.50, reflecting a rise of Rs 48.3 or 8.65%. The stock has outperformed its sector today by 8.06%, reaching an intraday high of Rs 611.65. Over the past week, the stock has gained 4.84%, and over the past month, it has risen by 18.98%. However, despite this recent positive performance, the company has faced challenges, including a significant decline in profits by 35.8% over the past year, and a negative return of -0.59% in the same period. The stock is trading at a discount compared to its peers, which may contribute to its attractiveness despite its high debt levels and weak long-term growth prospects.
In the broader market context, while Ramky Infrastructure has shown strong short-term performance, the benchmark Sensex has only increased by 0.02% over the past week and 1.85% over the past month. This indicates that the stock's recent gains are notable compared to the overall market trend. However, the company's high debt-to-equity ratio and the fact that 25.7% of promoter shares are pledged could pose risks, especially in a falling market. The decline in net sales and the negative quarterly results further highlight the underlying weaknesses that could affect future performance, despite the current rise in stock price.