Why is RattanIndia Ent falling/rising?

As of 30-Jun, RattanIndia Enterprises Ltd is experiencing a price increase, currently at Rs 64.91, which reflects a rise of 1.41 or 2.22%. The stock has shown strong performance recently, gaining 13.28% over the past week and 39.23% over the last month. It has outperformed its sector by 1.83% today and has been on a consecutive gain streak for the last five days. Additionally, the stock is trading above its moving averages across various time frames, indicating positive momentum. However, despite these gains, the company has faced significant challenges, including a negative profit after tax and a substantial decline in operating profit, which may raise concerns among investors.
In the broader market context, while RattanIndia Enterprises has outperformed the Sensex in the short term, with a 13.28% return over the past week compared to the Sensex's 2.09%, it has underperformed over the longer term, with a 1-year return of -23.22% against the market's positive return of 5.79%. This discrepancy suggests that while the stock is currently gaining traction, its overall performance has been lackluster, particularly in the last year. The low domestic mutual fund holdings may indicate a lack of confidence in the stock's valuation, despite its impressive growth in net sales and operating profit over the long term.