Why is Tasty Dairy falling/rising?

As of 01-Aug, Tasty Dairy Specialities Ltd is experiencing a price increase, currently at 8.94, reflecting a change of 0.21 or 2.41% upward. Today's price summary indicates that the stock has outperformed its sector by 1.71% and has gained after six consecutive days of decline. However, despite this short-term recovery, the stock has shown significant underperformance over longer periods, with a 1-week return of -4.28% and a 1-month return of -13.29%. The company faces challenges such as a negative book value and a high Debt to EBITDA ratio, indicating weak long-term fundamental strength. Additionally, the stock's liquidity is adequate, but there has been a notable decline in investor participation, with delivery volume dropping by 42.83% against the 5-day average.
In the broader market context, Tasty Dairy's recent performance contrasts with the benchmark, as it has consistently underperformed against the Sensex over the past three years, with a year-to-date return of -22.93% compared to the benchmark's positive return of 3.15%. This persistent underperformance highlights the stock's struggles in a generally improving market environment. The high institutional holdings at 27.02% suggest that some investors are confident in the company's potential, but the overall negative indicators, including reported losses and a negative net worth, contribute to a perception of risk that may overshadow any short-term gains.