Why is Thirumalai Chem. falling/rising?

As of 18-Jul, Thirumalai Chemicals Ltd is experiencing a price increase, with its current price at Rs 309.45, reflecting a rise of Rs 5.25 or 1.73%. The stock has been on an upward trend, gaining for the last four consecutive days and achieving a total return of 8.39% during this period. It has outperformed its sector by 2.76% today and is trading above all its moving averages, indicating positive momentum. However, despite these short-term gains, the company faces significant challenges, including a poor long-term growth outlook with operating profit declining at an annual rate of -181.59% over the last five years and a negative return on capital employed (ROCE) of 0.28%. Additionally, institutional investor participation has decreased, which may signal a lack of confidence in the company's fundamentals.
Broader market context shows that while Thirumalai Chemicals has performed well in the short term, with a 6.91% increase over the past week compared to a -0.90% decline in the Sensex, its year-to-date performance remains negative at -3.64%, contrasting with the Sensex's positive return of 4.63%. This divergence highlights the stock's volatility and the potential risks associated with its current price movements. The overall market sentiment may be cautious given the company's declining profits and increasing debt-equity ratio, which could impact future investor confidence and stock performance.