Why is RattanIndia Ent falling/rising?

As of 27-Jun, RattanIndia Enterprises Ltd is experiencing a price increase, currently at Rs 63.50, which reflects a rise of 3.14 or 5.2%. The stock has been on an upward trend, gaining for the last four days and achieving a total return of 10.82% during this period. It has outperformed its sector by 3.35% today and has traded above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages. However, despite this positive momentum, the stock has shown a significant decline over the past year, with a return of -21.16%, and has faced negative financial results, including a substantial drop in profits and a low operating profit to interest ratio. The limited participation from domestic mutual funds, holding only 0.45%, may indicate a lack of confidence in the stock's valuation.
In the broader market context, RattanIndia Enterprises Ltd has outperformed the Sensex in the short term, with a weekly return of +7.45% compared to the Sensex's +2.00%. However, the stock's year-to-date performance remains negative at -0.59%, contrasting with the Sensex's positive return of +7.58%. This underperformance over the past year, coupled with the company's recent financial struggles, suggests that while there is short-term momentum, the long-term outlook remains uncertain, as indicated by the significant drop in profits and the company's expensive valuation relative to its peers.