Why is Ramky Infra falling/rising?

As of 09-Jul, Ramky Infrastructure Ltd's stock price is currently at Rs 600.50, reflecting a decrease of Rs 6.0 or 0.99%. Despite this decline, the stock has shown a strong performance over the past week and month, with returns of +7.09% and +17.71%, respectively. Today's price summary indicates that the stock touched an intraday high of Rs 620, but ultimately underperformed its sector by -0.98%. Additionally, the stock is trading above its moving averages across various time frames, and there has been a significant increase in investor participation, with delivery volume rising by 236.1% compared to the five-day average. However, the company has faced challenges, including a substantial decline in profits and net sales, which fell by -35.8% and -15.88%, respectively, contributing to a negative sentiment around the stock.
In the broader market context, while Ramky Infrastructure has outperformed the Sensex over the past week and month, it has underperformed year-to-date, with a return of -6.30% compared to the Sensex's +6.91%. The company's high debt levels and weak long-term growth prospects, indicated by a low return on equity and a high debt-to-equity ratio, further complicate its outlook. Additionally, the fact that 25.7% of promoter shares are pledged adds to the downward pressure on the stock price, particularly in a falling market. Overall, while there are some positive indicators, the combination of poor financial results and high debt is likely contributing to the stock's current decline.