Why is RattanIndia Ent falling/rising?

As of 07-Jul, RattanIndia Enterprises Ltd is experiencing a rise in its stock price, currently at 64.07, reflecting an increase of 2.57 or 4.18%. The stock has shown positive momentum, gaining for the last two days with a total return of 4.28% during this period. It has outperformed its sector by 3.48% today and reached an intraday high of Rs 65.57, which is a 6.62% increase. However, despite this short-term gain, the stock has underperformed over the past year with a decline of 21.86%, while its net sales and operating profit have shown significant long-term growth rates of 499.16% and 198.79%, respectively. The company faces challenges, including negative quarterly results and a low return on equity of 9.2, which may contribute to investor caution.
In the broader market context, RattanIndia Enterprises Ltd's recent performance contrasts with the benchmark Sensex, which has only declined by 0.20% over the past week while the stock itself has decreased by 1.29%. Despite the stock's recent gains, its year-to-date return is only 0.30%, significantly lagging behind the Sensex's 6.79% increase. The stock's liquidity appears adequate for trading, but a notable drop in delivery volume suggests falling investor participation, which could indicate a lack of confidence among investors. Overall, while the stock is currently rising, its long-term performance and recent negative financial results may temper enthusiasm among potential investors.