Why is Rico Auto Inds falling/rising?

As of 28-Aug, Rico Auto Industries Ltd is experiencing a price increase, currently at Rs 90.85, reflecting a change of 2.6 (2.95%) upward. Today's performance indicates that the stock has outperformed its sector by 3.08%, reaching an intraday high of Rs 93.07, which is a 5.46% increase. However, despite this positive movement, the stock has seen a decline of 4.21% over the past week and a significant drop of 25.87% over the last year. The company has recently reported positive results after four consecutive negative quarters, with substantial growth in profit before tax and profit after tax, indicating a potential turnaround. However, the stock's high Debt to EBITDA ratio and low return on equity suggest underlying financial challenges that may temper investor enthusiasm.
In the broader market context, while the stock has outperformed the Sensex today, it has underperformed over the longer term, with a year-to-date return of 9.85% compared to the Sensex's 2.48%. The stock's recent rise may be attributed to improved financial results, but its overall performance remains concerning given its significant decline over the past year and low domestic mutual fund investment, indicating a lack of confidence from institutional investors. The mixed signals from both the stock-specific factors and broader market context suggest that while there are some positive developments, the stock's long-term viability may still be in question.