Why is Tasty Dairy falling/rising?

As of 15-Sep, Tasty Dairy Specialities Ltd's stock price is currently at 8.60, reflecting a decrease of 0.15, or 1.71%. The stock has underperformed its sector today by 1.72% and has experienced a trend reversal after three consecutive days of gains. Although the stock is trading higher than its 5-day and 20-day moving averages, it remains below its longer-term moving averages (50-day, 100-day, and 200-day). The company has a high institutional holding of 27.02%, which suggests that these investors are likely better equipped to analyze the company's fundamentals. However, the company is facing significant challenges, including a negative book value and a high Debt to EBITDA ratio, indicating weak long-term fundamental strength and low profitability. Additionally, the stock has consistently underperformed against the benchmark over the last three years, with a year-to-date return of -25.86%.
In the broader market context, Tasty Dairy's short-term performance over the past week shows a slight increase of 1.18%, while the benchmark Sensex has risen by 1.24%. This indicates that while the stock has seen some recovery recently, it still lags behind the overall market performance. The company's flat results in net sales and a negative EBITDA further contribute to its risk profile, making it a strong sell. Despite a recent increase in investor participation, the overall sentiment remains negative due to the company's financial struggles and consistent underperformance compared to the broader market.