Why is Garnet Construct falling/rising?

As of 03-Jul, Garnet Construction Ltd's stock price is currently at 33.49, reflecting an increase of 0.79 or 2.42%. The stock has been on an upward trend, gaining for the last eight consecutive days and achieving a total return of 17.76% during this period. It has outperformed its sector by 2.77% today and is trading above all its moving averages, indicating strong momentum. Over the past year, the stock has generated a return of 23.03%, significantly higher than the market's average return of 2.20%. Despite these positive movements, the company faces challenges, including operating losses and a low return on equity, which suggest underlying weaknesses in long-term profitability.
In the broader market context, Garnet Construction's recent performance stands in stark contrast to the Sensex, which has seen a decline of 0.62% over the past week. While the stock has shown remarkable short-term gains, its year-to-date performance remains negative at -10.21%, indicating volatility. The stock's fair valuation, with a price-to-book ratio of 0.5, suggests it is reasonably priced compared to peers, but the significant drop in profit after tax and the high proportion of non-operating income raise concerns about its sustainability. Overall, while the stock is currently rising, the mixed financial indicators highlight potential risks that could affect its future performance.