Why is RR Metalmakers falling/rising?

As of 30-Jun, RR Metalmakers India Ltd's stock price is currently at Rs 38.29, reflecting an increase of Rs 2.48 or 6.93%. Today's price summary indicates that the stock has outperformed its sector by 4.54% and has experienced a trend reversal, gaining after six consecutive days of decline. Despite a one-week return of -8.09%, the stock has shown a strong monthly performance with a return of +21.48%. The company has an attractive valuation with a return on capital employed (ROCE) of 27.8 and a PEG ratio of 0.3, indicating potential for growth despite its recent underperformance over the past year, where it generated a return of -12.98%. However, the company also faces challenges, including high debt levels and weak long-term fundamental strength, which could impact investor sentiment.
In the broader market context, while RR Metalmakers has struggled with consistent underperformance against the benchmark over the last three years, it has recently gained traction, contrasting with the Sensex's modest increase of +2.09% over the past week. The stock's recent rise may be attributed to increased investor participation, as evidenced by a significant rise in delivery volume. However, the company's long-term growth concerns, highlighted by a decline in net sales and high debt-to-equity ratio, suggest that while short-term movements may be positive, the overall outlook remains cautious.