Why is Tirupati Forge falling/rising?

As of 21-Aug, Tirupati Forge Ltd is experiencing a price increase, currently at 43.62, reflecting a change of 3.96 or 9.98%. The stock has shown strong performance today, outperforming its sector by 10.14%, and is trading above all key moving averages, indicating positive momentum. Over the past week, the stock has risen by 16.17%, while it has also generated a return of 33.31% over the last year. However, despite these positive indicators, the company has reported negative results for the last three consecutive quarters, with a significant decline in profit after tax and profit before tax, which may raise concerns among investors. Additionally, the low level of domestic mutual fund holdings suggests a lack of confidence in the stock's valuation.
In the broader market context, Tirupati Forge's recent performance stands in stark contrast to the Sensex, which has only increased by 1.84% over the past week. This significant outperformance indicates strong investor interest in Tirupati Forge, particularly given its healthy long-term growth metrics, such as a 34.79% annual growth rate in net sales. However, the stock's year-to-date performance shows a decline of 28.17%, which highlights the volatility and potential risks associated with the company. Overall, while the stock is currently rising, the mixed signals from its financial performance and market perception suggest that investors should remain cautious.