Why is Tainwala Chem. falling/rising?

As of 16-Sep, Tainwala Chemicals & Plastics (India) Ltd is experiencing a price increase, currently at 215.70, reflecting a rise of 2.2 or 1.03%. The stock has shown a positive trend over the last three days, gaining 1.75% during this period. However, despite this recent uptick, the stock has a mixed performance over the longer term, with a year-to-date decline of 21.82% and a one-month decrease of 2.86%. The company reported significant growth in net sales and profit after tax in the latest quarter, which could be contributing to the recent positive movement. Nevertheless, the stock faces challenges due to operating losses and weak long-term fundamentals, including a poor EBIT to interest ratio and a low return on equity, which may temper investor enthusiasm.
In the broader market context, Tainwala's short-term performance of +2.13% over the past week outpaces the Sensex, which has risen by 1.58% in the same period. This indicates that the stock is performing relatively well compared to the overall market. However, the stock's long-term performance remains concerning, as it has underperformed against the benchmark over the past year, with a return of -4.22% compared to the Sensex's -0.73%. The falling investor participation, as indicated by a significant drop in delivery volume, suggests that while there may be some short-term gains, overall investor confidence in the stock may be waning, reflecting the underlying weaknesses in its financial health.