Why is Transcorp Intl. falling/rising?

As of 11-Sep, Transcorp International Ltd's stock price is currently at 23.90, reflecting an increase of 0.64 or 2.75%. The stock has shown a trend reversal by gaining after three consecutive days of decline. It has outperformed its sector by 3.04% today, with a notable rise in delivery volume, which increased by 4.73% against the five-day average. However, despite this short-term gain, the stock has underperformed significantly over the past year, with a return of -34.88%. The company's return on equity stands at 15.5, indicating a very attractive valuation with a price-to-book value of 1.2, but it has also faced challenges, including a drastic profit decline of -91.8% over the past year.
In the broader market context, the stock's short-term performance of +0.89% over the past week is slightly below the benchmark Sensex, which has increased by +1.03%. While the stock has shown some positive movement today, it has consistently underperformed against the benchmark over the last three years, with a notable decline in net sales and negative results for the last three consecutive quarters. The recent increase in promoter confidence, with a 0.68% increase in their stake, suggests some optimism about the company's future, but the long-term fundamental weaknesses, including poor growth and declining sales, continue to cast a shadow over its performance.