Why is Royal India Corp falling/rising?

As of 26-Jun, Royal India Corporation Ltd's stock price is currently at 9.16, reflecting an increase of 0.15 or 1.66%. The stock has shown a positive trend, gaining for the last three consecutive days with a total return of 3.85% over the past week, outperforming the sector by 1.75%. Despite this recent uptick, the stock has a significant year-to-date decline of 65.96% and a one-year drop of 73.81%. The company has reported very positive results in recent quarters, including a remarkable net profit growth of 12011.11% and increased net sales, which have contributed to the stock's recent performance. However, the company also faces challenges, such as high debt levels and weak long-term fundamental strength, which may temper investor enthusiasm.
In the broader market context, Royal India Corporation's short-term return of 3.85% over the past week surpasses the Sensex's return of 2.94% during the same period, indicating a relative strength in the stock compared to the benchmark. However, the stock has underperformed the market significantly over the past year, with a stark contrast to the BSE 500's return of 4.11%. This underperformance, coupled with the company's high debt-to-equity ratio and negative return on equity, suggests that while there may be short-term gains, the long-term outlook remains uncertain, which could influence investor sentiment moving forward.