Why is Tainwala Chem. falling/rising?

As of 19-Sep, Tainwala Chemicals & Plastics (India) Ltd is experiencing a decline in its stock price, currently at 215.00, reflecting a decrease of 1.0 (-0.46%). The stock has been losing value for the last two days, with a total drop of -1.04% during this period. Despite showing a positive performance of +0.73% over the past week, the stock has underperformed in the longer term, with a -5.49% return over the past month and a significant -22.07% year-to-date. The company's recent financial results indicate strong growth in net sales and profit after tax, but these positives are overshadowed by ongoing operating losses and weak long-term fundamentals, including a poor ability to service debt and a low return on equity of 4.5.
In the broader market context, the stock's short-term performance is slightly below the benchmark Sensex, which has gained +0.88% over the past week. The decline in investor participation, with a 60.57% drop in delivery volume compared to the five-day average, suggests a lack of confidence among traders. Additionally, while the stock is trading at a discount compared to its peers, its valuation remains high relative to its fundamentals, contributing to its classification as a strong sell. Overall, the combination of weak long-term growth prospects and recent negative price movements indicates a challenging environment for Tainwala Chemicals & Plastics (India) Ltd.