Why is Ramky Infra falling/rising?

As of 24-Jul, Ramky Infrastructure Ltd's stock price is currently at Rs 600.50, reflecting an increase of Rs 10.1 or 1.71%. The stock has shown a trend reversal by gaining after six consecutive days of decline, and it outperformed its sector by 1.74% today. Despite this positive movement, the stock has underperformed in the short term, with a 1-week return of -2.92%. Over the past month, however, it has rebounded with a return of +17.37%. The stock is trading at a discount compared to its peers, but it has faced significant challenges, including a 19.05% decline over the past year and a concerning drop in profits by 35.8%. Additionally, the company has a high debt-to-equity ratio and has reported negative financial results, which may weigh on investor sentiment.
In the broader market context, the Sensex has shown a slight decline of 0.09% over the past week, indicating that while Ramky Infrastructure has outperformed the benchmark in this timeframe, it still faces challenges relative to the overall market. The stock's long-term performance has been lackluster, with a year-to-date return of -6.30% compared to the Sensex's gain of 5.18%. The high percentage of pledged promoter shares adds to the downward pressure during market fluctuations, further complicating the stock's outlook. Overall, while there are signs of a short-term recovery, the underlying financial health of Ramky Infrastructure Ltd raises concerns that could impact its future performance.