Why is Tasty Dairy falling/rising?

As of 18-Sep, Tasty Dairy Specialities Ltd's stock price is currently at 8.65, reflecting an increase of 0.16 or 1.88%. The stock has been gaining for the last two days, with a total return of 2% during this period, and it has outperformed its sector by 1.49%. However, despite this recent uptick, the stock has shown significant underperformance over the longer term, with a year-to-date decline of 25.43% and a staggering 42.68% drop over the past year. The company faces challenges such as a negative book value and a high Debt to EBITDA ratio of -1.00 times, indicating weak long-term fundamental strength. Additionally, while institutional holdings are relatively high at 27.02%, suggesting some level of confidence from larger investors, the company's low profitability, as evidenced by an average Return on Equity of 1.65%, raises concerns about its financial health.
In the broader market context, Tasty Dairy's recent performance contrasts with the benchmark, as the Sensex has gained 1.80% over the past week and 2.14% over the past month. The stock's short-term performance, while positive, does not align with its long-term trajectory, which has seen consistent underperformance against the BSE500 over the last three years. The company's flat results in net sales and profit after tax, both showing a decline of 47.10%, further exacerbate the situation, indicating that despite short-term gains, the underlying fundamentals remain weak. Overall, while there is some positive momentum in the short term, the long-term outlook for Tasty Dairy remains precarious.