Why is Ravi Leela Gran falling/rising?

As of 16-Jul, Ravi Leela Granites Ltd is experiencing a price increase, currently at Rs 42.00, reflecting a rise of 3.3 or 8.53%. Today's price summary indicates that the stock opened with a gain of 4.65% and reached an intraday high of Rs 42, outperforming its sector by 8.36%. The stock has shown strong performance over the past week and month, with returns of +7.94% and +10.96%, respectively. Additionally, positive factors such as the highest net sales reported at Rs 16.19 crore and increased promoter confidence, with a 1.17% rise in stake, contribute to the stock's upward movement. However, the company also faces challenges, including high debt levels and negative operating profits, which may temper investor enthusiasm.
Broader market context shows that while Ravi Leela Granites Ltd has outperformed the Sensex in the short term, with a 1-week return of +7.94% compared to the Sensex's -1.08%, the stock's long-term fundamentals remain a concern. Despite a year-to-date return of +5.03%, the company's operating profit has declined significantly over the past five years, indicating potential risks for investors. The high volatility observed today, with an intraday fluctuation of 5.53%, further underscores the stock's uncertain outlook in the broader market environment.