Why is Titagarh Rail falling/rising?

As of 15-Sep, Titagarh Rail Systems Ltd is currently priced at 945.10, reflecting an increase of 17.65 or 1.9%. The stock has shown a positive trend recently, gaining 4.87% over the last two days and outperforming the Sensex with a weekly return of 11.83% compared to the benchmark's 1.24%. Despite this short-term gain, the company has faced challenges, including a significant decline in operating profit of 23.98% and negative results over the last three consecutive quarters. While the stock has high institutional holdings at 21.18%, indicating confidence from larger investors, its long-term performance has been hindered by a 29.93% drop in returns over the past year.
Broader market context shows that while the stock has outperformed the benchmark in the short term, it has underperformed over the longer term, with a year-to-date return of -14.52% compared to the Sensex's 4.67%. The stock's liquidity appears adequate for trading, but its valuation remains a concern, with a high price-to-book ratio of 5.1 and a return on equity of 11.1%. Overall, despite recent gains, the stock's long-term performance and negative financial results suggest a cautious outlook in the broader market context.