Why is TCM falling/rising?

As of 09-Sep, TCM Ltd's stock price is currently at 43.80, reflecting an increase of 0.4 (0.92%). The stock has been on an upward trend, gaining 8.5% over the last three days and outperforming its sector by 1.05% today. Despite this recent positive movement, the company faces significant challenges, including operating losses and a high Debt to EBITDA ratio of -1.00 times, which indicates a low ability to service its debt. The company has reported negative returns on capital employed (ROCE) and has seen a substantial decline in net sales over the past nine months. These negative factors contribute to a perception of risk surrounding the stock, despite its recent gains.
In the broader market context, TCM Ltd has outperformed the Sensex in the short term, with a 1-week return of +6.83% compared to the benchmark's +1.18%. However, the stock's year-to-date performance remains concerning, with a decline of -10.96%, contrasting sharply with the Sensex's gain of +3.79%. This divergence highlights the stock's volatility and the underlying issues that may affect investor confidence moving forward. While the recent price increase may attract some short-term interest, the long-term fundamentals suggest caution due to the company's ongoing financial struggles.