Why is TCI Express falling/rising?

As of 02-Sep, TCI Express Ltd's stock price is currently at Rs 697.75, reflecting an increase of Rs 13.95 or 2.04%. The stock has shown a positive performance today, outperforming its sector by 1.33% and marking a consecutive gain over the last two days with a total return of 2.17%. However, it opened with a loss of 2.45% and experienced an intraday low of Rs 667.05. Despite the recent uptick, the stock has underperformed significantly over longer periods, with a year-to-date decline of 14.08% and a staggering 36.87% drop over the past year. The company's low debt-to-equity ratio and attractive valuation metrics, such as a 3.5 Price to Book Value, suggest some underlying strength, but the negative trend in profits and consistent underperformance against benchmarks raise concerns about its long-term growth prospects.
In the broader market context, TCI Express has outperformed the Sensex by 3.21% over the past week, while the benchmark has declined by 0.78%. However, the stock's longer-term performance has been disappointing, with a 61.19% decline over the past three years compared to a 36.32% gain in the benchmark. This consistent underperformance, coupled with negative results over the last seven quarters and a decline in operating cash flow, indicates a challenging environment for the company. While the stock's recent gains may reflect short-term trading dynamics, the overall trend suggests that investors remain cautious due to the company's poor growth metrics and declining profitability.