Why is TARC Ltd falling/rising?

As of 10-Jul, TARC Ltd's stock price is currently at Rs 197.55, reflecting an increase of 8.55 (4.52%). The stock has shown strong performance today, outperforming its sector by 4.05%, and has reached an intraday high of Rs 197.55. Over the past week, TARC Ltd has gained 5.64%, while its one-month return stands at 4.80%. However, despite this positive short-term performance, the company has faced significant challenges, including operating losses and a high Debt to EBITDA ratio of -1.00 times, indicating a weak long-term fundamental strength. Additionally, the company has reported negative results for the last seven consecutive quarters, with net sales declining by 47.46% and a PAT of Rs -104.52 cr, which has fallen by 134.3% compared to the previous four-quarter average. While institutional investors have increased their stake by 0.66%, suggesting some confidence in the company, the overall financial health remains concerning.
In the broader market context, TARC Ltd's recent performance contrasts with the Sensex, which has seen a slight decline of 0.06% over the past week. The stock's year-to-date return of 11.01% also outpaces the Sensex's 6.46%, indicating that TARC Ltd is performing relatively well compared to the broader market. However, the falling investor participation, with a 13.78% drop in delivery volume against the five-day average, raises concerns about sustained interest in the stock. Despite the positive short-term gains, the underlying financial issues and negative earnings reports suggest that the stock's rise may not be sustainable without significant improvements in its operational performance.