Why is TRF falling/rising?

As of 26-Sep, TRF Ltd's stock price is currently at Rs 347.70, reflecting a decline of Rs 20.65 or 5.61%. The stock has been underperforming, having fallen consecutively for the last two days, resulting in a total drop of 6.73%. Today, it opened with a loss of 2% and reached an intraday low of Rs 342, indicating significant volatility with an intraday fluctuation of 5.09%. Over the past week, the stock has decreased by 4.15%, while it has shown a positive return of 9.32% over the past month. However, its year-to-date performance is concerning, with a decline of 20.48%. The company has been facing challenges, including a poor long-term growth trajectory with net sales declining at an annual rate of 4.85% over the last five years and negative results for the last nine consecutive quarters, which have contributed to the stock's recent downward movement.
In the broader market context, TRF Ltd's performance has been notably weaker compared to the benchmark, as it has underperformed the Sensex, which has only declined by 2.66% over the past week. The stock's long-term returns have also been disappointing, with a 31.45% drop over the past year, contrasting sharply with the Sensex's positive return of 2.93% year-to-date. The company's high management efficiency, indicated by a return on equity (ROE) of 110.74%, is overshadowed by its expensive valuation and the significant decline in profits, which have fallen by 31.5% over the past year. This combination of factors, including falling investor participation and a low debt-to-equity ratio, suggests a lack of confidence in the stock's future performance, reinforcing its current downward trend.