Why is Tirupati Tyres falling/rising?

As of 17-Sep, Tirupati Tyres Ltd is currently priced at 9.97, reflecting a slight increase of 0.02 or 0.2%. The stock has shown mixed performance recently, underperforming its sector by 0.58% today. While it is higher than its 5-day moving average, it remains below the 20-day, 50-day, 100-day, and 200-day moving averages. Over the past week, the stock has gained 0.20%, but it has declined by 0.40% over the past month and has significantly underperformed over the longer term, with a year-to-date drop of 23.19% and a staggering 45.34% decline over the past year. Positive factors include a higher profit after tax of Rs 1.36 crore in the latest six months, but the company faces challenges such as operating losses and weak long-term fundamentals, which contribute to its poor performance.
In the broader market context, the stock's short-term return of +0.20% over the past week contrasts with the Sensex's gain of +1.56% during the same period, indicating that Tirupati Tyres is lagging behind the overall market. The company has struggled with a weak ability to service its debt and has a low return on equity of 2.9, leading to a high price-to-book value ratio of 1.3, which suggests it is trading at a premium compared to its peers. The stock's long-term performance has been disappointing, with a decline of 61.21% over the past three years, further emphasizing its struggles in both the near and long term compared to the broader market.