Why is Transcorp Intl. falling/rising?

As of 12-Sep, Transcorp International Ltd's stock price is currently at 24.03, reflecting an increase of 0.13 (0.54%). The stock has shown a positive trend recently, gaining 3.31% over the last two days and outperforming its sector by 1.25% today. Despite a year-to-date decline of 23.71% and a one-year drop of 34.34%, the stock is trading at a discount compared to its peers, with a very attractive valuation indicated by a 15.5% return on equity and a price-to-book value of 1.2. Additionally, rising promoter confidence, as evidenced by a 0.68% increase in their stake, suggests a belief in the company's future potential, which may be contributing to the recent upward price movement.
In the broader market context, the stock's short-term performance has been relatively weak compared to the benchmark, with a 1-week return of 0.13% against the Sensex's 1.48% increase. While the stock has shown some positive movement recently, it has consistently underperformed against the benchmark over the last three years, highlighting ongoing challenges. The company's negative results over the past three quarters and a significant decline in profits further complicate its outlook, despite the recent gains and increased investor participation.