Why is TCM falling/rising?

As of 05-Sep, TCM Ltd's stock price is currently at Rs 42.65, reflecting an increase of Rs 2.28 or 5.65%. The stock has shown a positive trend today, outperforming its sector by 6.68% and reversing a two-day decline. It reached an intraday high of Rs 42.65, and there has been a notable increase in investor participation, with delivery volume rising by 12.98% against the five-day average. However, despite this short-term gain, the company faces significant challenges, including operating losses and a high debt-to-EBITDA ratio, which indicate weak long-term fundamental strength. The stock has generated a negative return of -3.72% over the past year, even as profits have increased, suggesting a disconnect between stock performance and financial health.
In the broader market context, TCM Ltd's short-term return of +5.60% over the past week significantly outpaces the Sensex's gain of +1.13%, indicating a strong relative performance. However, the company's year-to-date return of -13.30% contrasts sharply with the Sensex's positive return of +3.29%, highlighting ongoing struggles despite recent price movements. The stock's current liquidity is adequate for trading, but its overall risk profile remains high due to negative EBITDA and reported losses, which may deter long-term investors.