Why is Thomas Cook (I) falling/rising?

As of 17-Jul, Thomas Cook (India) Ltd's stock price is currently at 176.50, reflecting an increase of 11.0 or 6.65%. The stock has been on an upward trend, gaining for the last four days with a total return of 8.65% during this period. It has also outperformed the benchmark Sensex, which has declined by 1.12% over the past week. The stock is trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a positive momentum. However, there has been a notable decrease in delivery volume, which fell by 29.11% compared to the 5-day average, suggesting a decline in investor participation. While the company has a low debt-to-equity ratio and healthy long-term growth in operating profit, it has also faced challenges, including a significant drop in profit before tax and a decrease in institutional investor participation.
Broader Market Context: In the context of the broader market, Thomas Cook's recent performance contrasts sharply with the overall market, as it has underperformed significantly over the past year, generating a return of -29.78% compared to the Sensex's gain of 1.91%. Despite the stock's recent gains, it remains at a discount compared to its peers' historical valuations, which may attract some investors looking for value. However, the falling participation from institutional investors, who have reduced their stake, raises concerns about the stock's future performance. Overall, while the short-term price movement is positive, the long-term outlook remains uncertain due to the company's recent financial challenges and market underperformance.