Why is Royal India Corp falling/rising?

As of 23-Jul, Royal India Corporation Ltd's stock price is currently at 8.87, reflecting a decrease of 0.13, or 1.44%. The stock has been underperforming, having fallen for the last two days with a total decline of 4.21% during this period. Additionally, the stock's performance over the past week shows a slight decrease of 0.45%, while it has experienced a significant drop of 81.48% over the past year. Despite positive results in the last four consecutive quarters, including a remarkable growth in net sales and profit after tax, the company is burdened by high debt and weak long-term fundamentals, which contribute to its negative return on equity and overall poor performance.
In the broader market context, the stock's recent performance contrasts sharply with the benchmark, as the Sensex has gained 0.11% over the past week and 5.87% year-to-date. This underperformance is further highlighted by the company's declining investor participation, with delivery volume dropping significantly. While the stock is trading at a discount compared to its peers and has shown substantial growth in profits, the high debt levels and weak long-term growth prospects overshadow these positives, leading to a continued decline in stock price.