Why is Rane (Madras) falling/rising?

As of 30-Jul, Rane (Madras) Ltd's stock price is currently at 846.25, reflecting an increase of 7.75 or 0.92%. The stock has been gaining for the last two days, with a total return of 1.84% during this period. However, it has underperformed in the longer term, with a decline of 5.27% over the past week and 7.59% over the past month. Despite these short-term gains, the stock's performance over the past year shows a decrease of 5.45%, while its profits have significantly fallen by 89.2%. The company has recently reported positive results after two consecutive negative quarters, indicating a potential turnaround, which may have contributed to the recent price increase.
In the broader market context, Rane (Madras) Ltd's recent performance contrasts with the Sensex, which has declined by 1.50% over the past week and 2.54% over the past month. This suggests that the stock's short-term rise is somewhat isolated, as it has outperformed the sector by 1.05% today. However, the stock's liquidity has been affected, with a notable drop in delivery volume, indicating falling investor participation. While the company shows healthy long-term growth potential with a significant increase in operating profit, the overall market sentiment and the stock's historical performance relative to its peers suggest caution.