Why is Garnet Construct falling/rising?

As of 30-Jul, Garnet Construction Ltd's stock price is rising, currently at Rs 37.50, reflecting an increase of Rs 1.25 or 3.45%. The stock has shown strong performance today, outperforming its sector by 4.24% and opening with a gain of 4.97%. It reached an intraday high of Rs 38.05 but also experienced a low of Rs 35.01. Over the past month, the stock has gained 25.04%, and it has generated a remarkable return of 39.98% over the last year, significantly outperforming the BSE500 index in both the short and long term. However, the company is facing challenges, including operating losses and a decline in profitability, with a negative growth rate in profit after tax over the last six months.
In the broader market context, Garnet Construction's short-term performance is notably better than the benchmark, which has declined by 1.50% over the past week. Despite the stock's recent gains, the company has a weak long-term fundamental strength, indicated by a low return on equity and significant operating losses. The stock's valuation appears expensive relative to its fundamentals, with a price-to-book ratio of 0.5. While the stock has shown resilience and positive returns in the past year, the underlying financial challenges may raise concerns among investors regarding its sustainability in the long run.