Why is Garnet Construct falling/rising?

As of 30-Jun, Garnet Construction Ltd's stock price is currently at 29.99, reflecting an increase of 0.6 or 2.04%. The stock has shown a positive trend, outperforming its sector by 2.28% today and has been on a consecutive gain streak for the last five days, with a total return of 5.45% during this period. Despite this recent uptick, the stock has a year-to-date decline of 19.60%, although it has generated a return of 15.08% over the past year, significantly higher than the market's average return of 3.95%. The stock is trading at a fair value compared to its peers, supported by a return on equity of 7.3 and a low price-to-book ratio of 0.4, but it faces challenges with operating losses and a weak long-term fundamental strength.
In the broader market context, Garnet Construction's recent performance has outpaced the benchmark Sensex, which has returned 2.09% over the past week and 2.65% over the past month. However, the stock's year-to-date performance remains concerning, with a notable decline compared to the benchmark's 7.00% gain. The company's profitability is under scrutiny, as indicated by a significant drop in profit after tax and a negative profit before tax, which raises concerns about its long-term viability despite recent gains. The falling investor participation, as evidenced by a decrease in delivery volume, further complicates the outlook for the stock, suggesting that while it has shown short-term resilience, underlying financial issues may hinder sustained growth.