Why is Rhetan TMT Ltd falling/rising?

As of 31-Jul, Rhetan TMT Ltd's stock price is currently at 17.21, reflecting an increase of 0.45 or 2.68%. The stock has shown a notable performance today, outperforming its sector by 2.23% and marking a trend reversal after nine consecutive days of decline. Despite a year-to-date drop of 25.27%, the stock has generated a 33.10% return over the past year, indicating its ability to outperform the broader market, which has seen negative returns. However, the company is facing significant challenges, including operating losses and a weak long-term fundamental strength, as evidenced by a low return on equity and declining net sales.
In the broader market context, Rhetan TMT Ltd's recent short-term performance contrasts with the benchmark Sensex, which has declined by 1.22% over the past week. While the stock has managed to gain today, its long-term outlook remains concerning due to weak profitability and minimal interest from domestic mutual funds, suggesting a lack of confidence in its valuation. The stock's ability to rise today may be attributed to increased investor participation and a temporary recovery, but the underlying financial issues could hinder sustained growth moving forward.