Why is RattanIndia Ent falling/rising?

As of 28-Aug, RattanIndia Enterprises Ltd is experiencing a price increase, currently at Rs 60.56, which reflects a rise of Rs 2.31 or 3.97%. The stock has shown strong performance recently, gaining 14.96% over the last three days and outperforming its sector by 3.98% today. It has also traded above its moving averages across various time frames, indicating positive momentum. However, despite this short-term gain, the company has faced significant challenges, including a poor long-term growth outlook with operating profit declining at an annual rate of -383.67% over the past five years. Negative financial results reported for June, including a -41.24% drop in profit before tax and a -41.0% decrease in profit after tax, further contribute to a risky investment profile, as the stock has generated a return of -25.23% over the past year.
In the broader market context, RattanIndia Enterprises has outperformed the Sensex, which has declined by 2.34% over the past week, while the stock has risen by 12.86% during the same period. This contrast highlights the stock's recent strength despite its overall underperformance in the last year, where it has significantly lagged behind the market. The low stake of domestic mutual funds, at only 0.47%, suggests a lack of confidence in the company's prospects, which may weigh on its long-term performance. Overall, while the stock is currently rising, the underlying financial issues and market sentiment present a complex picture for investors.