Why is Tijaria Polypipe falling/rising?

As of 27-Jun, Tijaria Polypipes Ltd has experienced a price increase, currently trading at 8.65, reflecting a change of 0.41 or 4.98% upward. The stock has been on a positive trajectory, gaining for the last six days with a total return of 29.88% during this period. Additionally, it has outperformed its sector by 5.3%. However, despite these short-term gains, the company faces significant challenges, including a negative book value and a weak long-term fundamental strength, as evidenced by a drastic decline in net sales and operating profit over the past five years. The stock's performance over the past year has been particularly poor, with a return of -48.39%, indicating that it has underperformed the broader market.
In the broader market context, Tijaria Polypipes Ltd has outperformed the Sensex in the short term, with a weekly return of 25.54% compared to the Sensex's 2.00%. However, the stock's long-term performance is concerning, as it has shown a year-to-date decline of -29.10% while the Sensex has increased by 7.58%. The falling participation from institutional investors, who have reduced their stake by -0.56%, further complicates the stock's outlook, as these investors typically have better resources to assess the company's fundamentals. Overall, while the stock is currently rising, the underlying financial issues and declining investor confidence suggest a precarious position moving forward.