Why is Times Guaranty falling/rising?

As of 14-Jul, Times Guaranty Ltd's stock price is currently at Rs 179.80, reflecting an increase of Rs 2.65, or 1.5%. The stock has shown a positive trend today, gaining after three consecutive days of decline, and it outperformed its sector by 1.42%. Over the past week, the stock has risen by 3.30%, while it has delivered an impressive 38.31% return over the last year, significantly outperforming the BSE500 index. However, there has been a noted decrease in investor participation, with delivery volume dropping by 45.58% against the five-day average. Additionally, while institutional investors have increased their stake by 1.38%, the stock's long-term fundamental strength is questioned due to a low average return on equity of 6.13% and a high price-to-book value ratio.
In the broader market context, Times Guaranty has outperformed the Sensex, which has declined by 1.42% over the past week, contrasting with the stock's positive performance. The stock's consistent returns over the last three years, coupled with increased institutional interest, suggest a favorable outlook despite concerns regarding its valuation and long-term growth potential. The stock's ability to maintain liquidity and its performance relative to moving averages indicate a complex market sentiment, balancing positive short-term gains against underlying fundamental weaknesses.