Why is Tasty Dairy falling/rising?

As of 24-Sep, Tasty Dairy Specialities Ltd is experiencing a price increase, currently at 8.70, reflecting a change of 0.14 or 1.64% upward. Today's price summary indicates that the stock has outperformed its sector by 0.95%, although it remains below the 50-day, 100-day, and 200-day moving averages, suggesting mixed momentum. The stock has shown a 1-week return of +2.47%, contrasting with a -3.76% return over the past month. Despite high institutional holdings at 27.02%, which typically indicate a level of confidence from knowledgeable investors, the company faces significant challenges, including a negative book value and a high debt-to-EBITDA ratio of -1.00 times, which undermines its long-term fundamental strength.
In the broader market context, Tasty Dairy has underperformed significantly against the benchmark, with a year-to-date return of -25.00% compared to the Sensex's +4.58%. The stock's consistent underperformance over the last three years, where it generated -61.33% returns compared to the benchmark's +40.65%, highlights its ongoing struggles. While the recent price increase may suggest a short-term recovery, the underlying financial issues, including negative EBITDA and declining sales, indicate that the stock remains risky and may not sustain its upward movement in the long term.