Why is Garnet Construct falling/rising?

As of 04-Jul, Garnet Construction Ltd is experiencing a price increase, currently at 34.02, reflecting a rise of 0.53 or 1.58%. The stock has shown strong performance recently, gaining 19.62% over the last nine days and outperforming its sector by 0.82% today. It is trading above all key moving averages, indicating positive momentum. Over the past year, the stock has generated a return of 26.70%, significantly higher than the broader market's return of 2.13%. However, despite these positive indicators, the company faces challenges with operating losses and a low return on equity, which may temper investor enthusiasm.
In the broader market context, Garnet Construction's short-term performance stands in stark contrast to the Sensex, which has seen a decline of 0.74% over the past week. While the stock has outperformed the market significantly in the last year, its year-to-date performance shows a decline of 8.79%, compared to a 6.77% increase in the benchmark. This divergence highlights the stock's volatility and the potential impact of its weak long-term fundamentals, including a significant drop in profit after tax and a high proportion of non-operating income relative to profit before tax.