Why is Rites falling/rising?

As of 29-Jul, Rites Ltd. is experiencing a price increase, currently at Rs 265.00, which reflects a rise of 1.4 (0.53%). The stock has shown a trend reversal, gaining after five consecutive days of decline. Despite today's performance, which underperformed the sector by 1.71%, the stock's delivery volume has significantly increased by 74.11% compared to the five-day average, indicating rising investor participation. Over the past week, the stock has declined by 3.58%, and it has also underperformed on a one-month basis with a decrease of 5.53%. However, the company has recently reported positive results after three quarters of negative performance, showcasing improvements in key financial metrics such as a 52.1% growth in profit before tax and a high debtors turnover ratio.
In the broader market context, Rites Ltd.'s short-term performance has lagged behind the benchmark Sensex, which has only declined by 1.03% over the past week. While the stock has shown a significant increase of 101.48% over the last three years, it has underperformed in the year-to-date comparison, with a decline of 9.17% compared to the Sensex's gain of 4.09%. The company's high management efficiency, indicated by a return on equity of 18.33% and a low debt-to-equity ratio, suggests a stable operational foundation, which may contribute to investor confidence despite the recent volatility.