Why is Taylormade Renew falling/rising?

As of 23-Sep, Taylormade Renewables Ltd's stock price is currently at 204.75, reflecting an increase of 4.55 or 2.27%. The stock has shown a positive performance today, outperforming its sector by 3.02% and opening with a gain of 2.37%. It reached an intraday high of Rs 209.8, which is a 4.8% increase. In the past week, the stock has risen by 2.38%, although it has experienced a decline of 2.36% over the past month and a significant drop of 37.77% year-to-date. Despite these declines, the company has demonstrated healthy long-term growth, with net sales increasing at an annual rate of 82.70% and operating profit at 80.43%. However, the stock's recent performance is tempered by flat results in June, with a significant drop in profit after tax and earnings per share.
Broader market context indicates that while Taylormade Renewables has outperformed the sector in the short term, it has underperformed the broader market over the past year, with a return of -52.69% compared to the Sensex's -3.33%. The stock's low debt-to-equity ratio of 0.04 times suggests financial stability, yet its high price-to-book value of 2.7 indicates an expensive valuation. This valuation, coupled with the company's recent flat quarterly results, may contribute to investor caution despite the positive short-term price movement. Overall, while there are positive indicators for growth, the stock's long-term performance remains a concern in the context of broader market trends.