Why is Tirupati Tyres falling/rising?

As of 12-Sep, Tirupati Tyres Ltd is currently priced at 9.98, reflecting a slight increase of 0.03, or 0.3%. Today's performance indicates that the stock has outperformed its sector by 1.01%. However, it is important to note that while the stock is higher than its 5-day moving average, it remains below its 20-day, 50-day, 100-day, and 200-day moving averages. The stock has shown a negative trend over the past week, month, and year, with returns of -0.89%, -1.48%, and -48.45% respectively. Despite a recent positive result in June with a higher PAT of Rs 1.36 crore, the company faces significant challenges, including operating losses and a weak ability to service its debt, which contribute to its weak long-term fundamental strength.
In the broader market context, the stock's performance has lagged behind the benchmark, with the Sensex gaining 1.48% over the past week and 2.08% over the past month, while Tirupati Tyres has declined. This underperformance is further highlighted by its substantial drop of 57.44% over the past three years compared to the Sensex's gain of 36.25%. The stock's valuation appears expensive relative to its peers, with a Price to Book Value of 1.3 and a low ROE of 2.9, which may deter investors. Overall, the combination of poor long-term growth, weak financial metrics, and significant underperformance against the market suggests that the stock is facing considerable headwinds.