Why is Ramky Infra falling/rising?

As of 14-Jul, Ramky Infrastructure Ltd's stock price is rising, currently at 620.40, reflecting an increase of 12.65 or 2.08%. The stock has shown strong performance recently, gaining 3.31% over the last three days and outperforming its sector by 2.52% today. It has also touched an intraday high of Rs 626, indicating positive momentum. However, despite the recent gains, the stock has a negative return of -7.47% over the past year, and its profits have significantly declined by -35.8%. The company's high debt levels and weak long-term fundamentals, including a low Return on Equity of 8.50%, raise concerns about its profitability and growth potential, which could impact investor sentiment.
In the broader market context, Ramky Infrastructure's short-term return of +11.14% over the past week contrasts sharply with the Sensex, which has declined by -1.42% during the same period. This outperformance may be attracting investor interest despite the company's underlying challenges. The stock's liquidity appears adequate for trading, but the falling investor participation, as indicated by a decrease in delivery volume, suggests caution among investors. Overall, while the stock is experiencing a rise in price, the combination of high debt, declining sales, and pledged promoter shares could create downward pressure in the future.