Why is Rane (Madras) falling/rising?

As of 14-Jul, Rane (Madras) Ltd is currently priced at 882.00, reflecting an increase of 13.3, or 1.53%. Today's price movement shows that the stock reached an intraday high of Rs 888.95, indicating a rise of 2.33%. The stock's performance today is in line with its sector, and there has been a notable increase in investor participation, with delivery volume rising by 8.29% compared to the 5-day average. Despite a recent decline of 2.54% over the past month, the company has shown healthy long-term growth, with operating profit growing at an annual rate of 50.01%. Positive quarterly results, including a significant increase in PAT and the highest operating profit to interest ratio, contribute to a more favorable outlook, although the stock has generated a negative return of -2.34% over the past year.
In the broader market context, Rane (Madras) Ltd has underperformed compared to the Sensex, which has gained 1.40% over the past month while the stock has declined. The stock's year-to-date performance shows a modest gain of 1.97%, significantly lower than the Sensex's 5.27% increase. However, over a three-year period, Rane (Madras) has outperformed the benchmark with a return of 155.54% compared to the Sensex's 53.99%. This long-term growth potential, coupled with attractive valuations relative to peers, suggests that while the stock faces short-term challenges, its fundamentals may support a more positive outlook moving forward.