Why is TARC Ltd falling/rising?

As of 01-Jul, TARC Ltd's stock price is currently at Rs 190.00, reflecting an increase of Rs 6.7 or 3.66%. The stock has shown a trend reversal, gaining after three consecutive days of decline. It outperformed its sector by 3.77% today and reached an intraday high of Rs 190.2. Over the past month, the stock has increased by 12.76%, although it has experienced a slight decline of 1.04% over the past week. Despite the positive short-term movement, the company faces significant 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, suggesting some confidence in the stock, but the company has reported negative results for the last seven quarters, with net sales declining by 47.46% and a return on equity averaging only 0.38%.
In the broader market context, TARC Ltd's recent performance contrasts with the Sensex, which has gained 2.00% over the past week and 2.76% over the past month. While TARC has outperformed the sector today, its year-to-date return of 6.77% lags behind the Sensex's 7.11%. The stock's strong three-year return of 434.46% is notable, yet the recent negative trends in profitability and sales growth raise concerns about its sustainability. Overall, while the stock is currently rising, the underlying financial issues and recent performance history suggest caution for potential investors.