Why is TCI Finance falling/rising?

As of 01-Jul, TCI Finance Ltd is experiencing a price increase, with the current price at 16.24, reflecting a change of 0.59 or 3.77% upward. The stock has shown strong performance recently, having outperformed its sector by 3.91% today and achieving consecutive gains over the last three days, resulting in a total return of 14.37% during this period. Additionally, TCI Finance is trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating positive momentum. The company reported positive results for the last six months, with a higher profit after tax of Rs 4.29 crore and the highest quarterly earnings per share at Rs 3.52. However, it is important to note that the company has a negative book value and weak long-term fundamental strength, as indicated by a significant decline in net sales and a risky trading profile compared to historical valuations.
In the broader market context, TCI Finance's short-term return of 5.52% over the past week significantly outpaces the Sensex, which has only increased by 2.00% during the same period. Over the last month, TCI Finance has risen by 32.79%, again outperforming the Sensex's 2.76% increase. Despite the positive short-term performance, the stock's year-to-date return remains negative at -12.78%, contrasting with the Sensex's positive return of 7.11%. This divergence highlights the stock's volatility and the potential risks associated with its negative book value, despite recent gains.