Why is Rhetan TMT Ltd falling/rising?

As of 19-Aug, Rhetan TMT Ltd's stock price is currently at 17.40, reflecting an increase of 0.1 or 0.58%. The stock has shown a positive trend recently, gaining 5.71% over the last two days, although it underperformed its sector by 1.96% today. In terms of returns, the stock has outperformed the benchmark Sensex over the past week with a gain of 3.08%, while it has generated a substantial 47.96% return over the past year despite a significant decline of 24.45% year-to-date. However, the company faces challenges, including a weak long-term fundamental strength indicated by a -8.10% CAGR growth in net sales over the last five years and a concerning net sales decline of 69.04% in the latest six months.
Broader market context shows that while Rhetan TMT Ltd has performed well in the short term, the overall market, represented by the BSE500, has experienced negative returns of -0.91% over the past year. This contrast highlights the stock's ability to generate significant returns despite broader market challenges. Additionally, the construction material sector has gained by 2.42%, which may have contributed to the stock's recent upward movement. However, the lack of domestic mutual fund investment, which stands at 0%, suggests a lack of confidence in the company's long-term prospects, potentially limiting further price appreciation.