Why is Revathi Equip falling/rising?

As of 23-Sep, Revathi Equipment India Ltd's stock price is rising, currently at 1,260.90, reflecting an increase of 60.0 or 5.0%. The stock has shown strong performance recently, gaining 50.1% over the last 10 days and outperforming its sector by 5% today. It opened with a gain of 5% and reached an intraday high of Rs 1,260.90. Despite a significant decline of 62.36% over the past year, the stock has rebounded with a 44.76% increase over the last month, indicating a positive shift in investor sentiment. The company benefits from high management efficiency, a low debt-to-equity ratio, and an attractive valuation, which may contribute to the recent upward movement.
Broader market context shows that while Revathi Equipment has outperformed the Sensex in the short term, the benchmark index has only seen a slight decline of 0.34% over the past week. The stock's recent gains contrast sharply with its long-term performance, where it has underperformed the market significantly, with a year-to-date return of -36.55% compared to the Sensex's positive return of 5.07%. This divergence highlights the stock's volatility and the potential for recovery, despite ongoing concerns about its long-term growth prospects, as evidenced by declining sales and profits in recent quarters.