Why is Royal India Corp falling/rising?

As of 21-Jul, Royal India Corporation Ltd's stock price is currently at 9.26, reflecting an increase of 0.21 or 2.32%. The stock has shown strong performance recently, outperforming its sector by 1.79% today. It is trading above its 5-day, 20-day, 50-day, and 100-day moving averages, although it remains below its 200-day moving average. Despite a significant decline of 79.89% over the past year, the company has reported positive results for the last four consecutive quarters, with net sales growing by 885.81% and profit after tax increasing by 577.03%. However, the stock is also characterized by high debt levels and poor long-term growth, which may contribute to investor caution. In the broader market context, the stock has outperformed the Sensex in the short term, with a 9.20% increase over the past week compared to a slight decline of 0.06% for the index. While the stock's recent performance is encouraging, it has significantly underperformed the market over the past year, where the BSE500 has generated returns of 1.63%. This stark contrast highlights the challenges Royal India Corporation faces, including its high debt-to-equity ratio and negative return on equity, which may weigh on investor sentiment despite recent positive sales growth.