Why is RRP Defense falling/rising?

As of 15-Sep, RRP Defense Ltd's stock price is currently at 483.20, reflecting an increase of 9.45 (1.99%). The stock has recently hit a new 52-week and all-time high today, and it has been on a positive trajectory, gaining for the last 21 days with a total return of 51.35% during this period. Additionally, the stock has significantly outperformed the sector by 1.84%. Despite these gains, there are underlying concerns, such as operating losses and weak long-term fundamental strength, which may affect investor sentiment. The company's net sales have declined by 56.66% in the latest six months, and the promoters have reduced their stake by 1.1%, indicating a potential lack of confidence in future performance.
Broader market context shows that while RRP Defense has delivered impressive returns, with a year-to-date increase of 2397.16%, the broader market, represented by the Sensex, has only risen by 4.67% during the same period. This stark contrast highlights the stock's strong performance relative to the market. However, the overall market has faced challenges, as evidenced by the negative returns of -3.45% from the BSE500 over the past year, which underscores the stock's ability to thrive despite broader market difficulties.