Why is RattanIndia Ent falling/rising?

As of 11-Jun, RattanIndia Enterprises Ltd's stock price is rising, currently at 65.58, reflecting an increase of 6.59 or 11.17%. The stock has shown impressive performance recently, gaining 38.53% over the last four days and outperforming its sector by 10.54% today. Additionally, the stock has outperformed the benchmark Sensex significantly over the past week and month, with returns of +36.88% and +59.99%, respectively. However, despite these recent gains, the stock has underperformed over the past year, with a return of -12.59%. The company's long-term growth prospects appear healthy, with net sales growing at an annual rate of 499.16%, but it has faced challenges, including a significant drop in profits and negative results in the most recent quarter.
Broader market context indicates that while RattanIndia Enterprises has shown strong short-term returns, it has lagged behind the broader market over the past year, where the Sensex has generated returns of +7.92%. The stock's recent rise may be attributed to increased investor participation, as evidenced by a substantial rise in delivery volume. However, the stock is technically in a mildly bearish range, with several indicators suggesting caution. The low stake of domestic mutual funds in the company may also reflect a lack of confidence in its valuation, especially given its expensive price-to-book ratio and the significant decline in profits over the past year.