Why is RattanIndia Ent falling/rising?

As of 13-Aug, RattanIndia Enterprises Ltd is experiencing a price increase, currently at Rs 52.01, reflecting a rise of 1.39 or 2.75%. Today's price summary indicates that the stock outperformed its sector by 2.99%, reaching an intraday high of Rs 52.65, which is a 4.01% increase. Despite this positive movement, the stock has shown a significant decline over the past month, down 19.34%, and a substantial drop of 35.29% over the past year. The company has reported healthy long-term growth with net sales increasing at an annual rate of 499.16% and operating profit at 198.79%. However, negative results from June 25, including a 41.24% drop in profit before tax and an 82.3% decline in profits over the past year, contribute to a complex outlook for the stock.
Broader market context shows that while RattanIndia Enterprises Ltd has outperformed its sector today, it has underperformed the broader market over the last year, with a return of -35.29% compared to the BSE500's -0.64%. The stock's recent performance is further complicated by its high valuation metrics, such as a price-to-book value of 7.6, which is considered expensive relative to its peers. Additionally, the low stake held by domestic mutual funds, at only 0.47%, suggests a lack of confidence in the stock's current price or business prospects. Overall, while there are short-term gains, the long-term outlook remains challenged by significant declines in profitability and investor sentiment.