Why is TARC Ltd falling/rising?

As of 24-Jun, TARC Ltd's stock price is rising, currently at Rs 192.00, reflecting an increase of Rs 4.45 or 2.37%. The stock has shown strong performance today, outperforming its sector by 2.03% and opening with a gain of 2.03%. It reached an intraday high of Rs 195.05, which is a 4% increase. Over the past week, TARC Ltd has returned +2.13%, and in the last month, it has gained +13.27%. Despite the positive short-term performance, the company faces challenges, including operating losses and a high Debt to EBITDA ratio of -1.00 times, which indicates a weak long-term fundamental strength. Institutional investors have increased their stake by 0.66%, suggesting a growing confidence among those with more resources to analyze the company's fundamentals, despite the company reporting negative results for the last seven consecutive quarters.
In the broader market context, TARC Ltd's short-term return of +2.13% over the past week significantly outpaces the Sensex's return of +0.58% during the same period. This indicates that TARC Ltd is performing well relative to the benchmark. However, the company's long-term performance remains concerning, with a one-year return of -1.66%, contrasting with the Sensex's +6.10% return. While the stock is currently experiencing upward momentum, the underlying financial difficulties and negative earnings reports could pose risks for future performance, highlighting a complex situation where short-term gains may not reflect the company's overall health.