Why is TCI Industries falling/rising?

As of 07-Jul, TCI Industries Ltd is experiencing a price increase, currently at 1,288.95, which reflects a rise of 48.95 or 3.95%. The stock has shown a strong performance today, outperforming its sector by 4.61% and opening with a gain of 4.44%. It reached an intraday high of Rs 1299.95, indicating positive trading momentum. However, despite this short-term gain, the stock has underperformed over the past year with a return of -12.91%, and it has been characterized by erratic trading, not trading on 2 out of the last 20 days. The company faces significant challenges, including operating losses and a weak ability to service its debt, which may contribute to a cautious outlook despite the recent price rise.
In the broader market context, TCI Industries has outperformed the Sensex in the short term, with a 1-week return of +7.41% compared to the benchmark's -0.20%. However, the stock's long-term performance remains concerning, with a substantial decline of -18.93% year-to-date and consistent underperformance against the BSE500 over the last three years. The company's weak long-term fundamental strength, highlighted by a poor EBIT to Interest ratio and negative EBITDA, suggests that while there may be short-term trading gains, the overall outlook for TCI Industries remains risky and uncertain.