Why is TARC Ltd falling/rising?

As of 10-Nov, TARC Ltd's stock price is currently at Rs 148.90, reflecting a decline of Rs 3.4 or 2.23%. The stock has been underperforming, having fallen for the last four consecutive days with a total decline of 7.94% over the past week. Today's trading opened with a significant loss of 4.76%, and the stock reached an intraday low of Rs 145.05. Additionally, TARC Ltd is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a bearish trend. Despite reporting positive quarterly results with substantial growth in net sales and profit after tax, the company is facing challenges such as operating losses and a high debt-to-EBITDA ratio, which contribute to its weak long-term fundamental strength.
In the broader market context, TARC Ltd's recent performance contrasts sharply with the benchmark Sensex, which has shown a slight decline of only 0.53% over the past week. While the stock has generated a negative return of 30.84% over the past year, the broader market has seen a positive return of 3.81%, highlighting TARC Ltd's significant underperformance. The falling investor participation, with delivery volume dropping by 84.14% against the 5-day average, further underscores the lack of confidence among investors, contributing to the stock's downward trajectory.