Why is Thirumalai Chem. falling/rising?

As of 11-Sep, Thirumalai Chemicals Ltd is experiencing a price increase, currently at Rs 308.70, reflecting a rise of 5.9 or 1.95%. Today's price summary indicates that the stock has outperformed its sector by 2.09% and has shown a trend reversal after two consecutive days of decline, reaching an intraday high of Rs 310.5. The stock is trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, which suggests a positive short-term momentum. However, despite a 1-month return of +8.41%, the stock has struggled with poor long-term growth, as indicated by a significant decline in operating profit over the past five years and negative results for the last three quarters.
In the broader market context, the stock's short-term performance of +1.95% contrasts with the Sensex's gain of +1.03% over the same period, indicating a relative strength in the stock despite its overall negative year-to-date return of -3.88%. The low domestic mutual fund ownership of only 1.26% raises concerns about investor confidence, suggesting that institutional investors may be wary of the company's fundamentals, particularly given its negative EBITDA and declining profits. This combination of short-term gains against a backdrop of long-term challenges creates a complex picture for Thirumalai Chemicals Ltd, where recent price movements may reflect speculative trading rather than a fundamental recovery.