Why is RHI Magnesita falling/rising?

As of 23-Jul, RHI Magnesita India Ltd's stock price is currently at 525.00, reflecting an increase of 7.3, or 1.41%. The stock has been gaining momentum, having outperformed its sector by 0.68% today and achieving a consecutive gain over the last two days with a total return of 8.91%. Additionally, it has touched an intraday high of Rs 531.75. The stock is trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a positive trend. Despite a negative return of -9.14% over the past year and a decline in profits by -10.1%, the company maintains a strong ability to service debt with a low Debt to EBITDA ratio of 0.99 times, and it is trading at a discount compared to its peers' average historical valuations.
In the broader market context, RHI Magnesita's short-term performance has significantly outpaced the Sensex, with a 1-week return of +9.17% compared to the benchmark's +0.11%. While the stock has struggled over the longer term, underperforming the BSE500 for the past three years, its recent price movement suggests a shift in investor sentiment, possibly driven by increased trading volume and liquidity, as evidenced by a 1421.91% rise in delivery volume. This combination of short-term gains and improved trading activity indicates a potential recovery phase for the stock, even as it continues to grapple with historical underperformance and recent negative financial results.