Why is RPP Infra Proj. falling/rising?

As of 01-Aug, RPP Infra Projects Ltd is currently priced at 128.20, reflecting an increase of 4.2, or 3.39%. The stock has shown positive momentum, gaining for the last two days with a total return of 4.48% during this period. It outperformed its sector by 4.96% today and reached an intraday high of Rs 130.25. However, despite this recent uptick, the stock has underperformed over the past month and year, with returns of -3.03% and -40.04%, respectively. The company's return on equity (ROE) stands at 12.3, indicating an attractive valuation, but its long-term fundamentals are weak, with a declining operating profit growth rate and significant drops in profit before tax and net sales compared to previous quarters. Additionally, 26.77% of promoter shares are pledged, which can exert downward pressure on the stock price in a falling market.
In the broader market context, RPP Infra Projects Ltd has shown a slight outperformance compared to the benchmark Sensex over the past week, where the stock declined by -0.97% against the Sensex's -1.06%. However, the stock's year-to-date performance is significantly worse than the benchmark, with a decline of -33.40% compared to the Sensex's gain of +3.15%. This stark contrast highlights the stock's struggles in a generally recovering market, further compounded by falling investor participation and liquidity concerns. Overall, while the recent price increase may suggest a short-term recovery, the underlying fundamentals and broader market conditions indicate ongoing challenges for RPP Infra Projects Ltd.