Why is TRF falling/rising?

As of 17-Sep, TRF Ltd's stock price is currently at Rs 391.55, reflecting an increase of Rs 61.7 or 18.71%. The stock has shown strong performance recently, outperforming its sector by 18.48% today and achieving a consecutive gain over the last six days, with a total return of 26.33% during this period. Despite this positive short-term movement, the company has faced significant challenges, including a decline in net sales over the past five years and negative results for the last nine consecutive quarters. The stock's high management efficiency, indicated by a return on equity (ROE) of 110.74%, and a low debt-to-equity ratio of 0.02 times are positive factors, but they are overshadowed by the company's poor long-term growth prospects and a high price-to-book value ratio of 5.2, which suggests it is trading at a premium compared to its peers.
In the broader market context, TRF Ltd's short-term performance has significantly outpaced the benchmark, with a 1-week return of +25.10% compared to the Sensex's +1.56%. However, the stock has underperformed the market over the past year, with a return of -23.59% against the Sensex's -0.46%. This discrepancy highlights the stock's volatility and the challenges it faces despite recent gains. The falling investor participation, as indicated by a 19.4% drop in delivery volume, may also signal caution among investors, suggesting that while the stock is experiencing a short-term rise, underlying issues could impact its sustainability in the long run.