Why is Raymond falling/rising?

As of 02-Jul, Raymond Ltd's stock price is currently at 758.15, reflecting an increase of 1.5 (0.2%). The stock has been gaining momentum, with a consecutive gain over the last four days and a notable return of 27.66% during this period. It reached an intraday high of Rs 782, indicating strong short-term performance. Despite a significant decline of -74.55% over the past year, the company has shown a profit increase of 55.8%, which, combined with a high return on equity (ROE) of 25.73% and attractive valuation metrics, suggests potential for recovery. However, the stock's ability to service its debt remains a concern due to a poor EBIT to Interest ratio of 1.85, which could hinder long-term growth prospects.
In the broader market context, Raymond Ltd's short-term performance significantly outpaces the benchmark Sensex, which has only increased by 0.79% over the past week. This stark contrast highlights the stock's recent upward momentum despite its long-term struggles, including a -54.74% year-to-date return compared to the Sensex's 6.75%. The rising investor participation, evidenced by a 524.65% increase in delivery volume, further supports the stock's current upward trend, indicating growing confidence among investors despite the company's historical challenges.