Why is Rico Auto Inds falling/rising?

As of 29-Jul, Rico Auto Industries Ltd's stock price is currently at Rs 72.75, reflecting an increase of Rs 2.25, or 3.19%. Today, the stock has shown a positive trend, gaining after four consecutive days of decline and opening with a significant gain of 5.67%. It reached an intraday high of Rs 74.5. Despite this short-term recovery, the stock has underperformed over the past week and month, with returns of -3.17% and -4.25%, respectively. The company has a low Return on Capital Employed (ROCE) of 6.2, and its profits have decreased by 44.4% over the past year, contributing to a substantial annual decline of -45.09%. The stock is trading at a discount compared to its peers, but the negative performance and weak fundamentals suggest caution among investors.
In the broader market context, while the Sensex has experienced a minor decline of -1.03% over the past week, Rico Auto's performance has been notably worse, indicating a significant divergence from the benchmark. The stock's recent gains may be attributed to increased investor participation, as evidenced by a rise in delivery volume. However, the overall long-term outlook remains weak, with poor growth and high debt levels, which have led to a lack of confidence among domestic mutual funds, as they hold no stake in the company. This combination of short-term recovery against a backdrop of long-term challenges highlights the complexities surrounding Rico Auto's stock price movements.