Why is TCI Express falling/rising?

As of 01-Aug, TCI Express Ltd is experiencing a price increase, currently at 709.70, reflecting a rise of 6.3 or 0.9%. The stock has shown a positive performance today, outperforming its sector by 2.25% and achieving consecutive gains over the last two days with a total return of 2.59%. However, it opened the day with a loss of 2.89% and has fluctuated between a high of Rs 729.8 and a low of Rs 683.05. Over the past year, the stock has significantly underperformed, with a return of -41.41%, while its profits have decreased by 31.1%. Despite a low debt-to-equity ratio and an attractive valuation, the company has reported negative results for the last six consecutive quarters, contributing to its long-term growth concerns.
In the broader market context, TCI Express has underperformed against the benchmark, with a 1-week return of -0.04% compared to the Sensex's -1.06%, and a 1-month return of -7.28% against the Sensex's -3.70%. This consistent underperformance over the last three years, coupled with a decline in operating profit and a low return on capital employed, indicates a challenging environment for the stock. The stock's liquidity remains adequate for trading, but falling investor participation suggests a lack of confidence among investors, further complicating its recovery prospects.