Why is Sri Ramakr. Mill falling/rising?

As of 09-Jul, Sri Ramakrishna Mills (Coimbatore) Ltd is experiencing a price increase, currently at Rs 61.48, reflecting a rise of 1.98 or 3.33%. Today, the stock has shown a trend reversal after two consecutive days of decline, outperforming its sector by 3.34%. It reached an intraday high of Rs 61.99, indicating positive momentum. Despite this, the stock has seen a significant drop in delivery volume, down 75.34% compared to the 5-day average, which may suggest declining investor participation. Over the past month, the stock has performed well with a return of 14.40%, although it has underperformed the benchmark Sensex in the past week with a decline of 1.44%. The company's attractive valuation, indicated by a ROCE of 22.3 and a favorable enterprise value to capital employed ratio, contrasts with its high debt levels and weak long-term growth prospects, as evidenced by a -48.6% drop in profits over the past year.
In the broader market context, while the stock has outperformed the Sensex over the last month, it has lagged behind in the year-to-date performance, showing a decline of 7.26% compared to the Sensex's gain of 6.91%. The stock's long-term performance remains strong, with a 104.93% increase over the past three years, significantly outpacing the benchmark's 53.33% rise. However, the high debt levels and declining operating profits pose risks that could affect future performance. Overall, the recent price increase may be attributed to short-term trading dynamics and positive valuation metrics, despite underlying concerns regarding the company's financial health.