Why is Thirumalai Chem. falling/rising?

As of 17-Jul, Thirumalai Chemicals Ltd is experiencing a slight increase in its stock price, currently at 304.20, reflecting a change of 1.3 or 0.43% upward. The stock has shown a positive trend, gaining 6.55% over the last three days and outperforming the benchmark Sensex, which has declined by 1.12% over the past week. Additionally, Thirumalai Chemicals is trading above its moving averages across various time frames, indicating bullish momentum. However, despite these short-term gains, the company faces significant long-term challenges, including a drastic decline in operating profit growth over the past five years and negative operating profits, which could deter investor confidence.
In the broader market context, while Thirumalai Chemicals has outperformed the Sensex in the short term, with a 5.22% gain over the past week compared to the benchmark's loss, the overall sentiment remains cautious due to falling participation from institutional investors and deteriorating financial metrics. Institutional investors have reduced their stake, indicating a lack of confidence in the company's fundamentals, which could impact future price movements. The stock's long-term performance has also been lackluster, with a year-to-date decline of 5.28% compared to the Sensex's gain of 5.27%, suggesting that while the stock may be rising in the short term, underlying issues could pose risks moving forward.