Why is Rhetan TMT Ltd falling/rising?

As of 22-Aug, Rhetan TMT Ltd's stock price is currently at 17.82, reflecting an increase of 0.29 or 1.65%. The stock has been gaining for the last two days, with a total return of 2.41% during this period. It has outperformed its sector by 4%, and over the past week, it has shown a significant increase of 8.26%. However, despite this recent positive performance, the company has faced 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. Additionally, the stock's high PEG ratio of 9.6 and low return on equity of 5.27% suggest that it may be overvalued, contributing to a lack of confidence among domestic mutual funds, which hold no stake in the company.
In the broader market context, Rhetan TMT Ltd's recent performance stands in contrast to the benchmark, as the Sensex has only increased by 0.88% over the past week. While the stock has shown resilience with a 4.33% gain over the past month, the overall market sentiment has been negative, with the BSE500 index generating a return of -2.49% in the last year. This divergence highlights the stock's ability to outperform despite broader market challenges, yet the long-term outlook remains uncertain due to its weak fundamentals and declining investor participation, as evidenced by a 1.3% drop in delivery volume against the five-day average.