Why is Tainwala Chem. falling/rising?

As of 18-Sep, Tainwala Chemicals & Plastics (India) Ltd is experiencing a decline in its stock price, currently at 216.00, which reflects a decrease of 1.25 or 0.58%. The stock has recently fallen after four consecutive days of gains, indicating a potential trend reversal. It has traded within a narrow range of Rs 1.6, and while it is above the 5-day moving averages, it remains below the 20-day, 50-day, 100-day, and 200-day moving averages. The stock's performance over the past week shows a gain of 1.89%, which is slightly better than the Sensex's increase of 1.80%. However, over the past month, Tainwala's stock has declined by 4.00%, contrasting with the Sensex's rise of 2.14%. The company's recent financial results showed significant growth in net sales and profit after tax, but it also faces challenges such as operating losses and weak long-term fundamentals, which contribute to its current price movement.
In the broader market context, Tainwala's short-term performance has been relatively positive compared to the benchmark, but the longer-term outlook remains concerning. The stock has generated a return of -4.70% over the past year, despite a 30% increase in profits, indicating a disconnect between stock performance and financial health. The company’s weak ability to service its debt and low return on equity further exacerbate investor concerns, leading to falling investor participation, as evidenced by a decrease in delivery volume. Overall, while there are some positive indicators in terms of recent sales growth, the underlying financial weaknesses and current market conditions suggest a challenging environment for Tainwala Chemicals & Plastics.