Why is Royal India Corp falling/rising?

As of 18-Sep, Royal India Corporation Ltd is experiencing a price increase, currently at 7.46, reflecting a change of 0.21 or 2.9% upward. The stock has shown strong performance recently, gaining 16.56% over the past week and outperforming its sector by 3.66% today. It has been on a consecutive gain streak for the last five days, with rising investor participation evidenced by a 50.97% increase in delivery volume. Despite a significant decline of 83.52% 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% and profits rising by 274.4%. However, the company also faces challenges, such as high debt levels and weak long-term growth prospects, which could impact its valuation. In the broader market context, the stock's short-term return of 16.56% over the past week significantly outpaces the Sensex's return of 1.80% in the same period. While the stock has underperformed the market over the last year, its recent gains suggest a potential recovery phase, albeit from a low base. The stock's current trading at a discount compared to its peers may attract investors, despite its high debt-to-equity ratio and low return on equity, indicating ongoing concerns about its long-term fundamental strength. Overall, the recent positive performance may reflect a combination of improved investor sentiment and favorable quarterly results, even as the company navigates its financial challenges.