Why is Thirumalai Chem. falling/rising?

As of 16-Sep, Thirumalai Chemicals Ltd is currently priced at 323.05, reflecting an increase of 2.25 (0.7%). The stock has been gaining for the last four days, with a total return of 6.69% during this period. It is trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a positive short-term trend. However, despite this recent upward movement, the company has faced significant challenges, including a poor long-term growth outlook with an annual operating profit decline of 235.96% over the last five years. The company has reported negative results for the last three consecutive quarters, with a substantial drop in profit after tax and operating cash flow, which raises concerns about its financial health and sustainability.
In the broader market context, Thirumalai Chemicals has outperformed the benchmark Sensex in the short term, with a 1-week return of 6.65% compared to the Sensex's 1.58%. However, the stock's year-to-date performance shows a modest gain of 0.59%, while the Sensex has risen by 5.43%. The low participation from domestic mutual funds, holding only 1.26% of the company, may indicate a lack of confidence in the stock's valuation or business prospects. Overall, while the recent price increase may attract some investors, the underlying financial issues and negative growth trends present significant risks that could impact future performance.