Why is Garnet Construct falling/rising?

As of 18-Sep, Garnet Construction Ltd's stock price is currently at 48.72, reflecting a slight increase of 0.01 (0.02%). The stock has been gaining momentum, having risen for the last two days with a total return of 0.14% during this period. It is trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a positive trend. Additionally, there has been a notable increase in investor participation, with delivery volume rising by 22.97% against the 5-day average. The company has reported impressive financial results, including a 1178.24% growth in operating profit and a significant increase in net sales, which supports its attractive valuation relative to peers. However, it is important to note that the company has shown weak long-term fundamental strength, with a -11.56% CAGR growth in operating profits over the last five years.
In the broader market context, Garnet Construction Ltd has outperformed the Sensex, with a 5.91% return over the past week compared to the benchmark's 1.80%. Over the last month, the stock has achieved a 19.73% return, significantly higher than the Sensex's 2.14%. This strong performance in both the short and long term, alongside its attractive financial metrics, suggests that the stock is gaining investor confidence despite some underlying risks related to its long-term profitability. Overall, the combination of positive recent performance and strong financial results has contributed to the stock's upward movement.