Why is Rhetan TMT Ltd falling/rising?

As of 10-Jun, Rhetan TMT Ltd's stock price is currently at 18.92, reflecting an increase of 0.37 or 1.99%. The stock has shown strong performance recently, gaining 6.59% over the past week and 15.86% over the past month. It has outperformed its sector by 0.31% today and has been on a consecutive gain streak for the last five days. However, despite this positive short-term momentum, the company faces significant challenges, including operating losses and a weak long-term fundamental strength, as indicated by a low return on equity of 4.87%. Additionally, the company reported negative results in March 2025, with net sales declining by 57.10%, which may raise concerns among investors.
In the broader market context, Rhetan TMT Ltd's recent performance has outpaced the benchmark Sensex, which has only increased by 2.05% over the past week. While the stock has delivered a remarkable 41.94% return over the last year, this is juxtaposed with a backdrop of declining profitability and a very expensive valuation, as evidenced by a PEG ratio of 10.1. The lack of investment from domestic mutual funds, holding 0% of the company, suggests a lack of confidence in its long-term prospects, despite its recent price gains. Overall, while the stock is rising in the short term, underlying financial weaknesses may temper its future performance.