Why is Tirupati Tyres falling/rising?

As of 28-Aug, Tirupati Tyres Ltd is experiencing a decline in its stock price, currently at 9.96, which reflects a decrease of 0.09 or 0.9%. The stock is trading below its moving averages across various time frames, indicating a bearish trend. In terms of performance, the stock has shown a negative return of 1.68% over the past week and a significant decline of 23.27% year-to-date. While there was a positive quarterly profit after tax reported at Rs 0.68 crore, the company is facing challenges such as operating losses and a weak ability to service its debt, which contribute to its poor long-term growth prospects. The stock's valuation appears expensive relative to its peers, with a price-to-book value of 1.3, and it has underperformed the broader market significantly over the past year.
In the broader market context, Tirupati Tyres' short-term performance has been better than the benchmark Sensex, which has declined by 2.34% over the past week. However, the stock's year-to-date performance of -23.27% starkly contrasts with the Sensex's gain of 2.48%, highlighting its struggles in a generally improving market. The company's weak fundamentals, reflected in a low return on equity of 2.9 and a poor EBIT to interest ratio, suggest that despite some positive quarterly results, the overall outlook remains negative, leading to a consensus that the stock is a strong sell.