Why is Royal India Corp falling/rising?

As of 15-Jul, Royal India Corporation Ltd's stock price is currently at 8.87, reflecting an increase of 0.39 or 4.6%. The stock has shown a strong performance recently, gaining 11.85% over the last three days and outperforming its sector by 3.42% today. Additionally, the stock has experienced a significant increase in delivery volume, rising by 152.35% against the 5-day average, indicating rising investor participation. Despite a year-to-date decline of 67.04% and a one-year drop of 79.57%, the company has reported positive results for the last four consecutive quarters, with net sales growing at an impressive 885.81% in the latest six months and profits rising by 274.4%. However, the company also faces challenges, including high debt levels and poor long-term growth prospects, which contribute to its negative return on equity.
In the broader market context, Royal India Corporation's stock has outperformed the Sensex over the past week, with a return of 7.52% compared to the benchmark's decline of 1.36%. While the stock has shown positive short-term momentum, it has significantly underperformed the market over the past year, where the BSE500 has generated a return of 0.37%. The company's attractive valuation, trading at a discount compared to peers, contrasts with its high debt and weak long-term fundamentals, which may lead to cautious sentiment among investors despite recent gains.