Why is Revathi Equip falling/rising?

As of 16-Sep, Revathi Equipment India Ltd's stock price is rising, currently at Rs 988.05, reflecting an increase of Rs 47.05 or 5.0%. The stock has shown strong performance recently, gaining 17.62% over the past week and outperforming its sector by 3.22% today. It opened with a gain of 4.99% and reached an intraday high of Rs 988.05. However, despite this positive short-term movement, the stock has experienced a significant decline of 70.27% over the past year, with negative results reported for the last three consecutive quarters. The company has a high return on equity (ROE) of 22.55% and a low debt-to-equity ratio, which are positive indicators, but its long-term growth prospects are hindered by a substantial decline in net sales and operating profit over the past five years.
In the broader market context, Revathi Equipment's short-term return of 17.62% over the past week significantly outpaces the Sensex's gain of 1.58% in the same period. While the stock has shown resilience in the short term, its year-to-date performance remains poor, with a decline of 50.28% compared to the Sensex's increase of 5.43%. This contrast highlights the stock's volatility and the challenges it faces in achieving sustainable growth, despite recent gains. The overall market sentiment appears to be cautious, especially given the company's recent financial struggles and declining sales figures.