Why is Remi Edelstahl falling/rising?

As of 01-Aug, Remi Edelstahl Tubulars Ltd is experiencing a price increase, currently at Rs 169.95, reflecting a rise of 1.35 (0.8%). The stock has shown impressive performance, gaining 76.11% over the last 11 days and outperforming its sector by 3.06% today. Additionally, it has delivered substantial returns over various periods, including an increase of 82.74% over the past month and 83.04% over the past year. However, despite these positive movements, the company faces challenges, such as a weak long-term fundamental strength indicated by a low Return on Capital Employed (ROCE) of 3.39% and a high Debt to EBITDA ratio of 4.23 times, which could impact investor sentiment in the long run.
In the broader market context, while Remi Edelstahl has significantly outperformed the Sensex, which has declined by 1.06% over the past week, the stock's volatility today, with an intraday range of Rs 17.95, indicates a fluctuating trading environment. The steel sector as a whole has also faced a downturn, with a decrease of 2.27%. Despite these challenges, the rising investor participation, as evidenced by a 111.58% increase in delivery volume, suggests a strong interest in the stock, which may contribute to its upward price movement amidst broader market pressures.