Why is Revathi Equip falling/rising?

As of 15-Jul, Revathi Equipment India Ltd's stock price is currently at 955.20, reflecting an increase of 18.7, or 2.0%. The stock has shown a positive performance today, outperforming its sector by 1.63% and has been gaining for the last two days, accumulating a total return of 2.01% during this period. It opened with a gain of 2% and reached an intraday high of Rs 955.2. Despite this short-term rise, the stock has experienced a decline of 12.69% over the past month and a significant drop of 51.93% year-to-date. Positive factors influencing the stock include a high return on equity (ROE) of 29.13% and a low debt-to-equity ratio, suggesting strong management efficiency. However, the company has faced challenges with a poor long-term growth trajectory, as evidenced by a -16.00% annual decline in net sales and a -26.82% drop in operating profit over the last five years.
In the broader market context, Revathi Equipment's recent performance contrasts with the benchmark Sensex, which has gained 1.79% over the past month. While the stock has shown a short-term uptick, its long-term performance remains concerning, with a year-to-date decline that significantly outpaces the benchmark's positive return of 5.67%. The high volatility observed today, with an intraday volatility of 1490.41%, indicates that investor sentiment may be fluctuating, potentially driven by the company's mixed financial results, including a substantial drop in profits and net sales over the last six months. This combination of short-term gains against a backdrop of long-term challenges suggests that while the stock is currently rising, underlying issues may continue to affect its overall performance.