Why is Royal India Corp falling/rising?

As of 20-Jun, Royal India Corporation Ltd's stock price is currently at 8.99, reflecting an increase of 0.17 or 1.93%. The stock has shown a positive trend, gaining for the last four consecutive days with a total return of 6.52% during this period. It is performing inline with its sector, which has gained by 2.29%. Additionally, the stock's delivery volume has significantly increased by 147.98% compared to the five-day average, indicating rising investor participation. However, despite these positive short-term movements, the stock has experienced a substantial decline of 72.20% over the past year, although it has reported impressive growth in net profit and sales in recent quarters.
In the broader market context, Royal India Corporation's recent performance has outpaced the benchmark Sensex, which has only increased by 1.59% over the past week. While the stock has shown strong short-term gains, it has underperformed significantly over the longer term, with a year-to-date decline of 66.59%. The company's high debt levels and weak long-term growth prospects, evidenced by a debt-to-equity ratio of 9.89 and a negative return on equity, raise concerns about its sustainability despite recent positive financial results. Thus, while the stock is currently rising, its long-term fundamentals remain a point of contention among investors.