Why is Times Guaranty falling/rising?

As of 03-Jul, Times Guaranty Ltd is experiencing a slight increase in its stock price, currently at 175.95, with a change of 0.15 (0.09%) upward. The stock has shown a positive performance today, outperforming its sector by 0.61% and has been gaining for the last two days, accumulating a total return of 5.01% during this period. Over the past month, the stock has risen by 6.96%, and it has consistently outperformed the BSE500 over the last three years, generating a remarkable 337.69% return. Additionally, there has been an increase in institutional investor participation, with a 1.38% rise in their stake, indicating growing confidence in the company's fundamentals despite its long-term weaknesses, such as a low average return on equity (ROE) of 6.13%.
In the broader market context, Times Guaranty's short-term performance contrasts with the Sensex, which has declined by 0.62% over the past week while the stock itself has fallen by 2.87%. This indicates that while the stock has faced some short-term volatility, it has shown resilience and strength in the longer term, outperforming the benchmark significantly over the past year and three years. The stock's liquidity remains favorable, and its trading above various moving averages suggests a positive trend, although concerns about its valuation and long-term growth potential persist.