Why is Tolins Tyres falling/rising?

As of 04-Jul, Tolins Tyres Ltd is experiencing a price increase, currently at Rs 163.50, which reflects a rise of Rs 3.65 or 2.28%. The stock has outperformed its sector by 2.2% today, reaching an intraday high of Rs 164, which is a 2.6% increase. Over the past week, the stock has shown a modest gain of 1.24%, while it has significantly outperformed the benchmark Sensex over the past month with a return of 14.82% compared to the Sensex's 3.01%. Despite this positive movement, there has been a decline in investor participation, with delivery volume falling by 23.01% against the 5-day average. The stock's liquidity remains adequate for trading, and it maintains a strong ability to service debt, evidenced by a low Debt to EBITDA ratio of 0.81 times and an attractive valuation with a Price to Book Value of 2.
In the broader market context, while Tolins Tyres has shown positive short-term performance, it has underperformed the benchmark Sensex year-to-date, with a decline of 17.32% compared to the Sensex's gain of 6.77%. This contrast highlights the stock's volatility and potential challenges in the longer term. However, the company's recent profit increase of 49% over the past year, despite the stock's flat return, suggests underlying strength that may be contributing to the current price rise. Overall, while the stock is currently rising, its long-term performance remains a concern in comparison to the broader market trends.