Why is Relic Tech. falling/rising?

As of 17-Jul, Relic Technologies Ltd is experiencing a price increase, with its current price at Rs. 84.95, reflecting a rise of 4.04 (4.99%). The stock has recently hit a new 52-week high and has outperformed its sector by 5.32% today. It has shown strong performance over the past week, gaining 12.53%, and has delivered an impressive 466.33% return over the past year. However, despite these positive movements, the company faces challenges such as operating losses and a negative EBITDA, which indicate weak long-term fundamental strength. The stock's performance is also tempered by a significant decline in profits over the past year, despite its substantial price appreciation.
In the broader market context, Relic Technologies Ltd's recent short-term performance stands in stark contrast to the Sensex, which has declined by 1.12% over the past week. This divergence highlights the stock's ability to attract investor interest, as evidenced by a notable increase in delivery volume. While the stock has shown remarkable returns in both the short and long term, the underlying operational challenges may pose risks for future performance, suggesting that while the stock is currently rising, caution is warranted due to its financial fundamentals.