Why is Royal India Corp falling/rising?

As of 02-Jul, Royal India Corporation Ltd's stock price is currently at 8.92, reflecting a decrease of 0.18, or 1.98%. The stock has underperformed its sector by 2.75% today, and its delivery volume has significantly dropped by 81.75% compared to the 5-day average, indicating falling investor participation. Over the past week, the stock has declined by 1.00%, while it has shown a more substantial decline of 76.43% over the past year, despite reporting a remarkable growth in net profit of 12011.11% and positive results for the last three consecutive quarters. However, the company is burdened with high debt and has reported negative returns on equity, which contributes to its poor long-term growth prospects and overall negative sentiment surrounding the stock.
In the broader market context, the Sensex has increased by 0.79% over the past week and generated a return of 6.75% year-to-date, contrasting sharply with Royal India Corporation's negative performance. While the stock has shown a positive return of 241.76% over the last three years, its recent performance has been overshadowed by significant losses and a lack of investor confidence, as evidenced by its underperformance relative to the market and its peers. This combination of high debt, weak long-term fundamentals, and substantial underperformance in comparison to the benchmark has led to a negative outlook for the stock.