Why is Rasandik Engg. falling/rising?

As of 24-Sep, Rasandik Engineering Industries India Ltd is experiencing a price increase, currently at Rs 90.90, which reflects a rise of 2.0 or 2.25%. The stock has shown a positive performance today, outperforming its sector by 3.29% and has gained consecutively over the last three days, accumulating a total return of 4.42% during this period. However, despite this recent uptick, the company has faced significant challenges, including a weak long-term fundamental strength indicated by a -17.30% CAGR growth in net sales over the past five years and a high debt to EBITDA ratio of 7.09 times. The negative financial results reported for the last nine months, including a -43.98% decline in PAT and a -23.44% drop in net sales, further highlight the company's struggles, contributing to a perception of risk among investors.
In the broader market context, Rasandik's short-term return of +4.48% over the past week contrasts sharply with the Sensex, which has declined by -1.18% during the same period. This indicates that while the stock is currently gaining, it has consistently underperformed against the benchmark over the longer term, with a -27.28% return over the past year compared to the Sensex's -3.77%. The stock's recent performance may be buoyed by short-term trading activity, but the underlying fundamentals suggest ongoing challenges that could impact its future trajectory.