Why is RattanIndia Ent falling/rising?

As of 08-Jul, RattanIndia Enterprises Ltd is experiencing a slight decline in its stock price, currently at 64.06, reflecting a decrease of 0.01 (-0.02%). Despite this minor drop, the stock has shown a positive trend over the past week with a gain of 0.61% and a significant increase of 34.58% over the past month. Today's price summary indicates that the stock is trading above its moving averages across various time frames, and there has been a notable rise in investor participation, with delivery volume increasing by 65.04% compared to the 5-day average. However, the company has faced negative financial results recently, with a substantial drop in profit before tax and profit after tax, leading to concerns about its valuation and performance relative to peers.
In the broader market context, RattanIndia Enterprises Ltd has underperformed compared to the benchmark, with a one-year return of -20.09% against the Sensex's gain of 4.69%. While the stock has shown some positive short-term movements, it has struggled significantly over the past year, indicating a lack of confidence from domestic mutual funds, which hold only a small stake in the company. This underperformance in the market, coupled with the company's disappointing financial results, suggests that investors may be cautious about the stock's future prospects despite its recent gains.