Why is TARC Ltd falling/rising?

As of 09-Jun, TARC Ltd's stock price is rising, currently at Rs 192.60, reflecting an increase of Rs 10.95 or 6.03%. The stock has shown strong performance recently, gaining 15.68% over the last three days and outperforming its sector by 5.8% today. It opened with a gain of 4.05% and reached an intraday high of Rs 195.25. Additionally, TARC Ltd has consistently outperformed the BSE 500 over the past three years, with a 35.63% increase in the last month and a 15.92% rise in the past week. However, despite these positive movements, the company faces significant challenges, including operating losses and a high Debt to EBITDA ratio, which indicate weak long-term fundamental strength. The company has reported negative results for the last seven consecutive quarters, with a substantial decline in net sales and profitability, which could pose risks to future performance.
In the broader market context, TARC Ltd's short-term return of 15.92% over the past week significantly outpaces the Sensex's return of 1.32% during the same period. This strong performance relative to the benchmark suggests that investor sentiment may be favoring TARC Ltd despite its underlying financial difficulties. The stock's liquidity and rising investor participation, as evidenced by a 185.69% increase in delivery volume, further support its upward price movement. However, the technical trend remains sideways, indicating that while the stock is currently rising, there is no clear price momentum, which could affect future performance.