Why is Thirumalai Chem. falling/rising?

As of 15-Sep, Thirumalai Chemicals Ltd is experiencing a price increase, currently at Rs 320.80, reflecting a rise of Rs 5.85 or 1.86%. The stock has shown positive momentum, gaining 5.94% over the last three days and outperforming its sector by 1.28% today. It has also been trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages. However, despite these short-term gains, the company faces significant challenges, including poor long-term growth, as evidenced by a staggering annual decline in operating profit of -235.96% over the past five years and negative results for the last three consecutive quarters. The stock's negative EBITDA and a return of -5.41% over the past year, coupled with a substantial drop in profits, indicate underlying financial instability that may temper investor enthusiasm.
In the broader market context, Thirumalai Chemicals has outperformed the Sensex in the short term, with a 1-week return of +4.50% compared to the benchmark's +1.24%. However, the stock's year-to-date performance shows a slight decline of -0.11%, contrasting with the Sensex's gain of +4.67%. The low stake held by domestic mutual funds, at only 1.26%, suggests a lack of confidence in the company's prospects, which could impact future investor sentiment. Overall, while the stock is currently rising, its long-term outlook remains precarious due to significant financial challenges.