Why is TCI Finance falling/rising?

As of 11-Jul, TCI Finance Ltd's stock price is currently at 15.40, reflecting an increase of 0.8, or 5.48%. The stock has shown a trend reversal, gaining after two consecutive days of decline. Despite a significant drop in delivery volume by 69.49% against the 5-day average, the stock has outperformed its sector by 6.4% today. Over the past month, TCI Finance has experienced a positive return of 14.07%, contrasting with a year-to-date decline of 17.29%. The company reported its highest quarterly profit after tax at Rs 4.53 crore and earnings per share at Rs 3.52, indicating some positive financial performance. However, the company also faces challenges, including a negative book value and weak long-term growth, with net sales declining at an annual rate of 65.00%.
In the broader market context, TCI Finance's recent performance has been slightly better than the benchmark Sensex, which has seen a decline of 1.12% over the past week. While the stock has outperformed the sector recently, its year-to-date performance remains concerning compared to the Sensex's gain of 5.58%. The stock's trading is considered risky due to its negative book value and historical valuation concerns, despite a significant increase in profits over the past year. Overall, while there are positive indicators such as recent profit growth, the underlying weaknesses in the company's fundamentals may contribute to investor caution.