Why is Raymond falling/rising?

As of 11-Jul, Raymond Ltd's stock price is currently at Rs 697.75, reflecting an increase of Rs 4.6, or 0.66%. Today's performance indicates a trend reversal as the stock has gained after two consecutive days of decline, outperforming its sector by 2.18%. The stock reached an intraday high of Rs 708, although it is trading higher than its 20-day moving averages but lower than its 5-day, 50-day, 100-day, and 200-day moving averages. Despite a significant decline of 65.92% over the past year, the company has shown a profit increase of 55.8%, and it has a high return on equity (ROE) of 25.73%. However, the stock's ability to service debt is weak, indicated by a poor EBIT to Interest ratio of 1.85, and it has faced declining net sales and operating profit over the last five years.
In the broader market context, Raymond's short-term return of -2.54% over the past week contrasts with the Sensex's decline of only -1.12%, indicating underperformance relative to the benchmark. While the stock has outperformed its sector today, its long-term performance remains concerning, with a significant drop in net sales and profitability. The high institutional holdings at 22.49% suggest confidence from larger investors, yet the overall weak financial indicators and declining sales growth may continue to weigh on investor sentiment.