Why is Rapicut Carbides falling/rising?

As of 30-Jun, Rapicut Carbides Ltd's stock price is currently at Rs 88.80, reflecting an increase of Rs 14.8 or 20.0%. The stock has shown strong performance today, outperforming its sector by 19.45% and opening with a gain of 9.46%. It reached an intraday high of Rs 88.80, indicating significant upward momentum. However, despite this short-term rise, the company has faced challenges, including a weak long-term fundamental strength with a -185.24% CAGR growth in operating profits over the last five years and negative results for the last four consecutive quarters. The company's ability to service its debt is also concerning, with a poor EBIT to interest ratio of -0.62, contributing to a negative sentiment around the stock.
In the broader market context, Rapicut Carbides has outperformed the benchmark Sensex in the short term, with a 1-week return of +26.39% compared to the Sensex's +2.09%. However, the stock has underperformed over the longer term, with a year-to-date return of -13.37% against the Sensex's +7.00%. This disparity highlights the stock's volatility and the mixed signals it presents to investors. While the recent price increase may attract attention, the underlying financial weaknesses and declining investor participation suggest caution moving forward.