Why is Tirupati Tyres falling/rising?

As of 13-Aug, Tirupati Tyres Ltd is experiencing a decline in its stock price, currently at 10.01, which reflects a decrease of 0.12 or 1.18%. The stock has been underperforming, having fallen consecutively for the last three days with a total return decline of 1.86% during this period. It is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a bearish trend. Additionally, the delivery volume has decreased by 11.04% compared to the 5-day average, suggesting a drop in investor participation. Despite some positive quarterly results, including the highest PBDIT and PAT figures, the overall long-term fundamentals are weak, with a low return on equity and poor debt servicing capability, contributing to the stock's negative movement.
In the broader market context, Tirupati Tyres has underperformed relative to the Sensex, with a 1-week return of -1.96% compared to a negligible change of -0.01% for the benchmark. Over the past year, the stock has generated a staggering return of -66.03%, while the Sensex has increased by 2.01%. This stark contrast highlights the stock's struggle in both short-term and long-term performance, further exacerbated by its weak fundamentals and high valuation compared to peers. Overall, the combination of declining investor interest, poor performance metrics, and unfavorable comparisons to the broader market has led to the stock's current downward trajectory.