Why is Raymond falling/rising?

As of 16-Jul, Raymond Ltd's stock price is currently at 709.10, reflecting an increase of 12.1 (1.74%). The stock has shown positive momentum, gaining 3.33% over the last two days and outperforming its sector by 1.21% today. Despite a significant decline of 69.38% over the past year, the company has reported a 55.8% increase in profits, which, combined with a high return on equity (ROE) of 25.73% and attractive valuation metrics, has contributed to the recent price rise. However, the stock is still trading below its longer-term moving averages and has seen a decline in investor participation, with delivery volume dropping by 47.87% against the five-day average.
In the broader market context, Raymond's short-term return of 1.65% over the past week contrasts sharply with the Sensex, which has decreased by 1.08% during the same period. This indicates that Raymond is performing relatively well compared to the overall market. Nonetheless, the company's long-term growth prospects are concerning, with negative trends in net sales and operating profit over the last five years. The weak ability to service debt, as indicated by a poor EBIT to interest ratio, also raises caution among investors, despite the recent positive price movement.