Why is Thirumalai Chem. falling/rising?

As of 04-Sep, Thirumalai Chemicals Ltd is currently priced at 309.30, reflecting an increase of 5.1 (1.68%). The stock has outperformed its sector today by 2.57%, reaching an intraday high of Rs 311. It is trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages. However, despite this positive movement, the company has faced significant challenges, including a poor long-term growth outlook with operating profit declining at an annual rate of -235.96% over the last five years. The company has reported negative results for the last three consecutive quarters, including a substantial drop in profit after tax and operating cash flow, which raises concerns about its financial health. Additionally, the low stake held by domestic mutual funds may indicate a lack of confidence in the company's valuation or business prospects.
In the broader market context, Thirumalai Chemicals has shown a short-term return of +4.14% over the past week, significantly outperforming the Sensex, which has only increased by +0.80%. However, the stock's year-to-date performance remains negative at -3.69%, contrasting with the Sensex's positive return of +3.30%. This divergence highlights the stock's volatility and the challenges it faces despite recent gains. The combination of short-term price increases against a backdrop of long-term financial struggles suggests that while there may be temporary optimism, underlying issues could continue to impact investor sentiment.