Why is Royal Cush. Vin. falling/rising?

As of 03-Jul, Royal Cushion Vinyl Products Ltd is experiencing a price increase, with the current price at Rs 28.67, reflecting a rise of 2.77 (10.69%). The stock has shown a strong performance today, outperforming its sector by 10.93% and achieving consecutive gains over the last two days, with a total return of 11.56% in that period. However, it opened with a loss of 2.7% and has displayed high volatility, trading within a wide range of Rs 3.47. Despite this positive movement, the company faces significant challenges, including a negative book value, high debt levels, and a poor long-term growth outlook, which may contribute to investor caution. The stock has underperformed over the past year, generating a return of -31.69%, while 76.52% of promoter shares are pledged, adding to the risk profile.
In the broader market context, the stock's short-term return of +7.18% over the past week contrasts sharply with the Sensex, which has declined by 0.62%. While the stock has shown some recovery in the short term, its year-to-date performance remains negative at -0.97%, compared to the Sensex's positive return of +6.53%. This divergence highlights the stock's struggle to maintain investor confidence amid its underlying financial issues, despite recent gains.