Why is TCPL Packaging falling/rising?

As of 04-Aug, TCPL Packaging Ltd. is experiencing a price increase, currently at 3,454.15, reflecting a rise of 17.25 or 0.5%. The stock has shown a trend reversal, gaining after three consecutive days of decline. Despite trading below its moving averages, the stock's delivery volume has significantly increased, indicating rising investor participation. Over the past year, TCPL Packaging has generated an 8.07% return, with profits rising by 23.7%, supported by a high return on capital employed (ROCE) of 16.44%. However, the company has faced challenges, including a recent decline in quarterly profits and low turnover ratios, which may weigh on investor sentiment.
In the broader market context, TCPL Packaging's short-term performance has lagged behind the benchmark, with a 1-week return of -4.04% compared to the Sensex's modest gain of 0.16%. While the stock has outperformed the benchmark over the longer term, including a remarkable 242.52% increase over the past three years, the recent negative results and operational challenges could contribute to cautious investor behavior in the short term. Overall, the stock's recent upward movement may be a response to increased trading activity and long-term growth potential, despite the backdrop of recent financial difficulties.