Why is Triveni Turbine falling/rising?

As of 08-Aug, Triveni Turbine Ltd. is experiencing a price increase, currently at Rs 527.95, reflecting a rise of 8.1 points or 1.56%. Today's performance indicates a trend reversal as the stock has gained after three consecutive days of decline. Despite this uptick, the stock has underperformed in the short term, with a 1-week return of -10.17% and a 1-month return of -17.57%. The stock is trading below its moving averages across various time frames, indicating a bearish trend. Additionally, the company's recent financial performance shows a significant drop in profit after tax and net sales, contributing to its negative returns over the past year, which stand at -23.50%. However, the company maintains strong long-term fundamentals, with a solid return on equity and low debt levels, which may support its price recovery.
In the broader market context, Triveni Turbine's recent performance contrasts sharply with the benchmark Sensex, which has only declined by 0.92% over the past week. The stock's substantial underperformance relative to the market is evident, particularly over the last year, where it has fallen significantly more than the broader market's decline of -1.79%. While the stock's current rise may suggest a temporary rebound, the overall trend indicates ongoing challenges, including falling investor participation and a high valuation compared to its peers. The high institutional holdings may provide some stability, but the recent financial results raise concerns about the sustainability of this price movement.