Why is Garnet Construct falling/rising?

As of 07-Jul, Garnet Construction Ltd's stock price is rising, currently at Rs 37.50, reflecting an increase of Rs 3.48 or 10.23%. The stock has demonstrated strong performance, gaining 32.07% over the last 10 days and outperforming its sector by 10.51% today. Additionally, it has shown impressive returns over various periods, including a 39.82% increase over the past year and a remarkable 240.91% rise over the last five years. Despite operating losses and low profitability per unit of shareholders' funds, the stock's recent upward movement is supported by rising investor participation and trading above all key moving averages.
In the broader market context, Garnet Construction's short-term performance significantly outpaces the benchmark, with a 25.04% increase over the past week compared to a slight decline of 0.20% in the Sensex. This stark contrast highlights the stock's strong market-beating performance in both the near and long term. While the company faces challenges such as operating losses and a low return on equity, its ability to generate substantial returns and attract investor interest has contributed to its rising stock price amidst a generally stable market environment.