Why is Rhetan TMT Ltd falling/rising?

As of 25-Jul, Rhetan TMT Ltd's current price is 17.05, with no change (0.00%). The stock has underperformed in the short term, with a 1-week return of -1.84% and a 1-month return of -6.78%. Today's performance indicates that it has outperformed its sector by 0.84%, but it is trading lower than all key moving averages, suggesting a bearish trend. Additionally, there has been a significant drop in investor participation, with delivery volume falling by 65.3% compared to the 5-day average. The company's financials show concerning trends, including operating losses and a significant decline in net sales, which have decreased by 57.10%. Despite generating a 33.00% return over the past year, the company's low profitability and high valuation metrics, such as a PEG ratio of 9.1, indicate weak long-term fundamental strength.
In the broader market context, Rhetan TMT Ltd's performance contrasts with the benchmark Sensex, which has seen a slight decline of -0.36% over the past week and a modest gain of 4.25% year-to-date. While the stock has outperformed the market over the past year, the recent negative trends in sales and profitability, coupled with a lack of confidence from domestic mutual funds, suggest that investors may be cautious about its future prospects. The overall market sentiment appears to be more favorable than that of Rhetan TMT Ltd, contributing to the stock's struggles despite its historical performance.