Why is Relic Tech. falling/rising?

As of 14-Jul, Relic Technologies Ltd is experiencing a price increase, currently at Rs 78.90, reflecting a change of 2.66 or 3.49% upward. The stock has shown strong performance recently, gaining 15.17% over the past week and 7.36% over the last month, significantly outperforming the benchmark Sensex, which has declined by 1.42% in the same week. Additionally, the stock is close to its 52-week high, just 3.03% away, and has been on a consecutive gain streak for the last five days. However, despite this positive momentum, the company faces challenges such as operating losses and a negative EBITDA, which indicate weak long-term fundamental strength and poor growth prospects, as profits have fallen by 61% over the past year.
In the broader market context, Relic Technologies Ltd's impressive year-to-date return of 241.12% and a one-year return of 426.00% starkly contrast with the Sensex's modest 5.27% and 2.15% returns, respectively. This significant outperformance suggests that investor sentiment towards Relic Technologies is strong, despite the underlying risks associated with its financial health. The stock's recent gains, coupled with rising investor participation and liquidity, indicate a robust demand in the short term, even as the company grapples with fundamental weaknesses that could pose risks in the long run.