Why is RHI Magnesita falling/rising?

As of 01-Aug, RHI Magnesita India Ltd's stock price is currently at Rs 512.95, reflecting an increase of Rs 11.95 or 2.39%. The stock has shown positive momentum recently, gaining 4.25% over the last two days and outperforming its sector by 1.44% today. It has also been trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a strong upward trend. However, despite a year-to-date return of 1.86%, the stock has underperformed over the past year with a decline of 14.42%, while its profits have decreased by 10.1%. The company's low Debt to EBITDA ratio of 0.99 times suggests a strong ability to service debt, and it is trading at a discount compared to its peers, which may attract investor interest.
In the broader market context, RHI Magnesita's recent performance contrasts sharply with the benchmark Sensex, which has declined by 1.06% over the past week and 3.70% over the past month. This indicates that the stock is gaining traction while the overall market is facing challenges. The stock's liquidity is also favorable, with a significant increase in delivery volume, suggesting rising investor participation. Despite the positive short-term performance, the company has faced negative results in its latest quarterly report, which could weigh on investor sentiment moving forward. Overall, while the stock is currently rising, its long-term performance remains a concern due to past underperformance and declining profits.