Why is Royal India Corp falling/rising?

As of 10-Jul, Royal India Corporation Ltd's stock price is currently at 7.93, reflecting a decrease of 0.16, or 1.98%. The stock has been on a downward trend, having underperformed its sector by 2.58% today and experiencing a consecutive fall over the last seven days, resulting in a total decline of 12.86% during this period. Additionally, the stock is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages. Despite a significant growth in net profit and positive results over the last three quarters, the company is burdened by high debt and weak long-term fundamentals, which have contributed to its substantial decline of 80.62% over the past year.
In the broader market context, the stock's performance has been notably poor compared to the benchmark, with the Sensex showing a slight increase of 0.06% over the past week and a positive return of 6.46% year-to-date. While Royal India Corporation has seen a remarkable increase in profits, its high debt levels and negative return on equity have overshadowed these gains, leading to a lack of investor confidence. The stock's significant underperformance relative to the market, combined with its recent price movements, indicates a challenging environment for the company, further exacerbated by its weak long-term growth prospects.