Why is Thirumalai Chem. falling/rising?

As of 10-Jun, Thirumalai Chemicals Ltd is experiencing a rise in its stock price, currently at Rs 285.45, reflecting an increase of Rs 9.7 or 3.52%. The stock has shown a strong performance today, outperforming its sector by 3.55% and achieving a consecutive gain over the last three days with a total return of 6.47%. In the past week, the stock has increased by 3.56%, and over the past month, it has risen significantly by 19.44%. Despite these positive short-term movements, the stock has a concerning long-term outlook, as its operating profit has declined at an annual rate of -181.59% over the last five years, and it has generated a return of -0.44% over the past year while profits have fallen by -18.9%. Additionally, there has been a decrease in institutional investor participation, which may indicate a lack of confidence in the stock's fundamentals.
In the broader market context, Thirumalai Chemicals Ltd's recent performance has outpaced the Sensex, which has only increased by 2.05% over the past week and 3.70% over the past month. This indicates that while the stock is currently gaining traction, it is still facing challenges in the long term, particularly with a high debt-equity ratio and negative operating profits. The stock's technical indicators suggest a mildly bullish trend, but the falling participation from institutional investors raises concerns about its sustainability. Overall, while the stock is rising in the short term, the underlying fundamentals present significant risks that could affect its future performance.