Why is TRF falling/rising?

As of 23-Jun, TRF Ltd's stock price is currently at 383.25, reflecting an increase of 5.05 or 1.34%. The stock has been gaining for the last two days, with a total return of 5% during this period. Despite opening down by 3.42% today, it reached an intraday high of Rs 386, indicating some recovery. However, the stock has underperformed over the longer term, with a year-to-date decline of 12.35% and a significant drop of 35.48% over the past year. The company's financial health shows a high return on equity (ROE) of 110.74% and a low debt-to-equity ratio of 0.02, but it has faced challenges with negative net sales growth and declining profits, which may contribute to investor caution.
In the broader market context, TRF's short-term performance of +0.35% over the past week outpaces the Sensex's +0.12%, suggesting some relative strength. However, the stock's long-term performance remains concerning, as it has significantly underperformed the market, which has generated a 4.81% return year-to-date. The company's negative results over the last eight quarters and a poor long-term growth outlook, with net sales declining at an annual rate of -9.16% over the last five years, may weigh heavily on investor sentiment despite recent gains.