Why is Transchem falling/rising?

As of 02-Jul, Transchem Ltd is experiencing a slight decline in its stock price, currently at 41.65, down by 0.07 or 0.17%. Today's price summary indicates that the stock has underperformed its sector by 0.25%, despite being higher than the 5-day, 20-day, 50-day, and 100-day moving averages, but lower than the 200-day moving average. Additionally, there has been a notable decrease in investor participation, with delivery volume falling by 40.85% against the 5-day average. In terms of returns, the stock has shown a 6.63% increase over the past week and a 3.68% increase over the past month, although it has a year-to-date decline of 19.09%. While the promoters have increased their stake by 4.77%, indicating confidence in the company, the overall financial health is concerning due to operating losses and a weak ability to service debt.
In the broader market context, Transchem's short-term performance has outpaced the Sensex, which has only increased by 0.79% over the past week. However, the company's long-term fundamentals are weak, as evidenced by negative EBITDA and a poor EBIT to Interest ratio of -1.95, which raises concerns about its sustainability. Despite generating a 13.15% return over the past year, the company's financial struggles, including flat results and a high reliance on non-operating income, suggest that the stock may face continued pressure. Thus, while there are some positive indicators, the overall outlook remains challenging, contributing to the stock's current downward movement.