Why is Garnet Construct falling/rising?

As of 01-Jul, Garnet Construction Ltd's stock price is rising, currently at 30.97, reflecting an increase of 0.98 or 3.27%. The stock has shown strong performance recently, having gained 8.9% over the last six days and outperforming its sector by 3.38% today. Over the past year, it has generated a return of 18.57%, significantly higher than the market average of 3.20%. Despite this positive momentum, the company faces challenges, including operating losses and a low return on equity of 7.3%. However, its fair valuation and a PEG ratio of 0.2 suggest that it is trading at a reasonable price compared to its peers, which may be contributing to investor interest.
In the broader market context, Garnet Construction's short-term return of 7.61% over the past week outpaces the Sensex's return of 2.00%, indicating a favorable position relative to the benchmark. While the stock has performed well in the short term, it has underperformed year-to-date with a decline of 16.97%, contrasting with the Sensex's gain of 7.11%. This mixed performance highlights the volatility and potential risks associated with the stock, particularly given its recent operating losses and declining profitability metrics. Overall, the stock's recent rise can be attributed to positive short-term performance and investor participation, despite underlying fundamental weaknesses.