Why is Garnet Construct falling/rising?

As of 22-Jul, Garnet Construction Ltd is experiencing a rise in its stock price, currently at 37.79, reflecting an increase of 0.41 or 1.1%. The stock has shown a strong performance recently, gaining 6.06% over the last three days and outperforming its sector by 1.9% today. Despite a slight decline of 0.55% over the past week, the stock has delivered impressive returns of 29.24% over the last month and 45.35% over the past year, significantly surpassing the broader market returns. However, it is important to note that the company has been facing operating losses and has a weak long-term fundamental strength, which could impact investor sentiment moving forward.
In the broader market context, while Garnet Construction's recent performance has been strong, it has underperformed the benchmark Sensex slightly over the past week. The stock's liquidity remains adequate for trading, although there has been a decrease in delivery volume, indicating a potential decline in investor participation. The company's return on equity is relatively low at 8.98%, and despite its impressive stock performance, profitability concerns persist, as evidenced by a significant drop in profit after tax and a high PEG ratio. This combination of strong short-term stock performance against a backdrop of fundamental weaknesses suggests that while the stock is currently rising, there are underlying issues that could affect its future trajectory.