Why is Tasty Dairy falling/rising?

As of 25-Aug, Tasty Dairy Specialities Ltd's stock price is currently at 9.01, reflecting a decrease of 0.03 or 0.33%. The stock has shown a trend reversal, falling after three consecutive days of gains. Despite a recent increase in delivery volume, the stock's performance over the past month has been negative, with a decline of 3.53%. The company has a high institutional holding of 27.02%, indicating that these investors are likely to have a better understanding of the company's fundamentals. However, the company is facing significant challenges, including a negative book value and a high Debt to EBITDA ratio of -1.00 times, which suggests a weak long-term fundamental strength. Additionally, the stock has consistently underperformed against the benchmark, generating a return of -28.89% over the past year.
In the broader market context, Tasty Dairy's short-term performance of +7.78% over the past week significantly outpaces the Sensex's return of +0.45%. However, this short-term gain is overshadowed by the stock's long-term underperformance, particularly over the last three years, where it has declined by 51.69% compared to the benchmark's increase of 38.90%. The company's flat results in net sales and profit after tax, both showing a decline of 47.10%, further contribute to the negative sentiment surrounding the stock. Overall, while there may be some short-term positive movements, the underlying financial issues and consistent underperformance against the benchmark suggest a challenging outlook for Tasty Dairy.