Why is TCI Industries falling/rising?

As of 30-Jul, TCI Industries Ltd's stock price is currently at 1,400.00, reflecting an increase of 48.55, or 3.59%. Today's price summary indicates that the stock outperformed its sector by 3.6%, despite opening with a loss of 4.32% and experiencing erratic trading, as it did not trade on 4 out of the last 20 days. The stock reached an intraday high of Rs 1,400 but also touched a low of Rs 1,293. The stock's performance over the past week shows a decline of 1.55%, while it has gained 16.66% over the past month. However, the company faces significant challenges, including operating losses and a weak long-term fundamental strength, with a negative EBIT to Interest ratio and a poor growth rate in operating profit. These factors contribute to the stock's overall riskiness and have led to consistent underperformance against benchmarks over the last three years.
Broader market context reveals that while TCI Industries has outperformed its sector today, its one-week return of -1.55% is slightly worse than the benchmark Sensex's decline of -1.50%. In the longer term, the stock has generated a return of -4.70% over the past year, underperforming the Sensex, which has seen a slight increase of 0.03%. The company's weak financial performance, highlighted by negative EBITDA and declining profits, suggests that despite today's price increase, the stock remains under pressure from broader market trends and its own operational challenges.