Why is Taylormade Renew falling/rising?

As of 08-Oct, Taylormade Renewables Ltd is experiencing a rise in its stock price, currently at 180.00, reflecting an increase of 9.8 or 5.76%. The stock has shown positive momentum, gaining for the last two days with a total return of 6.01% during this period. It opened with a gap up of 3.67% today and reached an intraday high of Rs 185, indicating strong trading activity. However, despite this recent uptick, the stock has underperformed significantly over the longer term, with a year-to-date decline of 45.29% and a staggering 62.16% drop over the past year. The company has a low Debt to Equity ratio of 0.04, and while it has shown healthy long-term growth in net sales and operating profit, it also reported a substantial decline in quarterly profit after tax, which raises concerns about its valuation.
In the broader market context, Taylormade Renewables has underperformed compared to the Sensex, which has seen a modest gain of 4.65% year-to-date. The stock's recent performance, while positive in the short term, contrasts sharply with its longer-term trends, where it has consistently lagged behind the market. The stock's liquidity appears adequate for trading, but there has been a notable decrease in investor participation, with delivery volume dropping significantly. This decline in participation, coupled with the company's flat quarterly results and high valuation metrics, suggests that while there may be short-term gains, the overall sentiment remains cautious regarding its long-term prospects.