Why is Rhetan TMT Ltd falling/rising?

As of 14-Nov, Rhetan TMT Ltd's stock price is rising, currently at Rs 24.85, reflecting an increase of Rs 1.11 or 4.68%. The stock has shown strong performance recently, gaining 14.1% over the last three days and outperforming its sector by 4.31%. It is also close to its 52-week high, just 0.64% away from Rs 25.01. Despite this positive movement, there are concerns regarding the company's long-term fundamentals, including a -8.10% CAGR growth in net sales over the past five years and low profitability, as indicated by a return on equity of only 5.57%. Additionally, the stock's recent performance is juxtaposed with a significant drop in delivery volume, which fell by 44.75% against the five-day average, suggesting a potential decline in investor interest.
In the broader market context, Rhetan TMT Ltd has outperformed the Sensex, with a 7.72% return over the past week compared to the benchmark's 1.62%. Over the last month, the stock has increased by 13.89%, while the Sensex has risen by 3.09%. This trend indicates that, despite some underlying weaknesses in fundamentals, the stock is currently benefiting from strong short-term momentum and investor sentiment. However, the lack of domestic mutual fund investment, which stands at 0%, may reflect caution among institutional investors regarding the stock's valuation and long-term prospects.