Why is Tarapur Trans falling/rising?

As of 07-Jul, Tarapur Transformers Ltd is experiencing a price increase, currently at 27.37, which reflects a rise of 0.53 or 1.97%. The stock has shown strong performance recently, outperforming its sector by 1.27% today and achieving a consecutive gain over the last two days with a total return of 3.99%. Over the past year, the stock has generated an impressive return of 101.10%, significantly higher than the broader market's return of 1.74%. However, despite these positive short-term movements, the company faces challenges such as a negative book value and a high Debt to EBITDA ratio, which indicate weak long-term fundamental strength. Additionally, 94.7% of promoter shares are pledged, which can exert downward pressure on the stock in adverse market conditions.
In the broader market context, the stock's short-term return of 1.90% over the past week contrasts with the Sensex's slight decline of 0.20%, showcasing its resilience against market trends. While the stock has outperformed the benchmark in the short term, its year-to-date performance shows a decline of 40.99%, compared to the Sensex's gain of 6.79%. This disparity highlights the stock's volatility and the potential risks associated with its high pledged shares and negative EBITDA, which may deter investors despite its recent gains.