Why is RHI Magnesita falling/rising?

As of 22-Jul, RHI Magnesita India Ltd's stock price is currently at 517.70, reflecting an increase of 35.65, or 7.4%. The stock has outperformed its sector today by 3.17%, reaching an intraday high of Rs 525.85. Over the past week, the stock has gained 8.21%, while it has also shown a positive return of 5.93% over the past month. Despite a year-to-date increase of 2.80%, the stock has struggled over the longer term, with a decline of 12.51% over the past year. The company has a low Debt to EBITDA ratio of 0.99 times, indicating a strong ability to service its debt, and it is trading at a discount compared to its peers' average historical valuations. However, the stock's profits have fallen by 10.1% over the past year, contributing to its overall underperformance.
In the broader market context, the Sensex has experienced a slight decline of 0.47% over the past week and a marginal decrease of 0.27% over the past month, contrasting with RHI Magnesita's positive short-term performance. The stock's consistent underperformance against the benchmark over the last three years, alongside negative results reported in March 2025, has raised concerns among investors. The company reported a significant drop in profit before tax and profit after tax, which may have influenced investor sentiment. Despite the recent price increase, the stock's longer-term challenges and recent negative earnings results suggest a cautious outlook among market participants.