Why is Raymond falling/rising?

As of 21-Jul, Raymond Ltd's stock price is rising, currently at Rs 741.00, reflecting an increase of Rs 21.75 or 3.02%. The stock has shown strong performance recently, outperforming its sector by 3.44% today and achieving a consecutive gain over the last two days with a total return of 6.38%. Additionally, the stock has performed well over the past week and month, with returns of +7.98% and +25.70%, respectively. Despite a significant decline of -64.55% over the past year, the company's profits have increased by 55.8%, and it boasts a high return on equity (ROE) of 25.73%. However, concerns remain regarding its ability to service debt, as indicated by a poor EBIT to Interest ratio of 1.85, which may temper investor enthusiasm.
In the broader market context, while Raymond Ltd has outperformed the Sensex in the short term, the benchmark has shown a slight decline of -0.06% over the past week and -0.25% over the past month. This indicates that Raymond's recent gains are occurring in a generally weak market environment. The stock's high institutional holdings at 22.49% suggest confidence from larger investors, which may contribute to its upward price movement despite the company's long-term challenges, such as declining net sales and operating profit over the past five years. Overall, while the stock is experiencing a rise, it is essential to consider the underlying financial health and market conditions that could affect its future performance.