Why is Rasandik Engg. falling/rising?

As of 17-Sep, Rasandik Engineering Industries India Ltd is experiencing a price increase, currently at Rs 87.00, reflecting a rise of 2.0 (2.35%). Today, the stock opened with a gain of 2.35% and reached an intraday high of Rs 88.99, outperforming its sector by 2.39%. However, despite this short-term gain, the stock has shown a negative performance over the past week and month, with declines of -2.30% and -6.35%, respectively. The company has been struggling with weak long-term fundamentals, evidenced by a -17.30% CAGR growth in net sales over the last five years, a high Debt to EBITDA ratio of 7.09 times, and a low average Return on Equity of 2.06%. Additionally, the company reported negative results in June, with a PAT of Rs -2.23 crore and a significant drop in net sales.
Broader market context indicates that while Rasandik Engineering has seen a slight uptick today, it has underperformed the broader market significantly over the past year, with a return of -33.82% compared to the BSE500's -2.63%. This stark contrast highlights the company's ongoing struggles, as it has consistently fallen short of market performance, particularly in the long term. The stock's liquidity is also a concern, with a notable decline in delivery volume, suggesting reduced investor participation. Overall, despite today's positive movement, the underlying fundamentals and broader market trends indicate a challenging environment for Rasandik Engineering Industries.