Why is TRF falling/rising?

As of 30-Jun, TRF Ltd's stock price is currently at Rs 389.70, reflecting an increase of Rs 6.75 or 1.76%. Today's performance indicates a positive trend as the stock has outperformed its sector by 1.21% and has gained after two consecutive days of decline, reaching an intraday high of Rs 391. However, despite this short-term rise, the stock has shown poor long-term growth, with net sales declining at an annual rate of -9.16% over the past five years and negative results reported for the last eight consecutive quarters. The company's high management efficiency is highlighted by a return on equity (ROE) of 110.74%, and it maintains a low debt-to-equity ratio of 0.02, yet these positive factors are overshadowed by the significant decline in profits and sales.
In the broader market context, TRF Ltd's short-term return of +1.68% over the past week is lower than the Sensex's return of +2.09%, indicating that while the stock has made a slight recovery, it is still lagging behind the market benchmark. Over the past year, TRF has underperformed significantly, with a return of -29.66% compared to the Sensex's +5.79%. This stark contrast in performance suggests that despite recent gains, the stock's overall trajectory remains concerning, particularly given its negative growth in sales and profits, which may deter investor confidence moving forward.