Why is Royal India Corp falling/rising?

As of 17-Jul, Royal India Corporation Ltd's stock price is currently at 9.19, reflecting an increase of 0.28 or 3.14%. The stock has shown strong performance recently, gaining 15.89% over the past week and outperforming its sector by 2.97% today. It has been on a consecutive gain streak for the last five days, with rising investor participation indicated by a 13.13% increase in delivery volume compared to the five-day average. Despite a significant decline of 79.24% over the past year, the company has reported positive results for the last four consecutive quarters, with net sales growing by an impressive 885.81% in the latest six months and a profit after tax of Rs 14.12 crore. However, the company also faces challenges, including high debt levels and a negative return on equity, which could impact long-term investor confidence.
In the broader market context, the stock's short-term return of 15.89% over the past week stands in stark contrast to the Sensex, which has declined by 1.12% during the same period. While the stock has outperformed the market recently, it has significantly underperformed over the past year compared to the BSE500, which generated a return of 0.26%. This disparity highlights the stock's volatility and the potential for recovery, despite its long-term struggles, including a high debt-to-equity ratio and poor growth rates. Overall, the recent positive momentum in the stock price appears to be driven by short-term gains and improved financial results, even as concerns about its long-term fundamentals remain.