Why is Triveni Turbine falling/rising?

As of 15-Sep, Triveni Turbine Ltd. is experiencing a price increase, currently priced at 542.75, reflecting a rise of 11.1 or 2.09%. The stock has shown strong performance recently, gaining 5.63% over the last two days and outperforming its sector by 1.41% today. It reached an intraday high of Rs 554, and its delivery volume has significantly increased, indicating rising investor participation. However, despite these positive short-term movements, the company has reported a decline in key financial metrics, including a 27.8% drop in profit after tax and the lowest net sales in recent quarters, which raises concerns about its long-term performance. The stock's valuation appears expensive with a high Price to Book Value ratio, and it has underperformed the market over the past year, generating a return of -28.95%.
In the broader market context, Triveni Turbine's short-term return of 6.74% over the past week significantly outpaces the Sensex's return of 1.24% during the same period. While the stock has shown resilience in the short term, it has struggled over the longer term, with a year-to-date decline of 26.57% compared to the Sensex's gain of 4.67%. This disparity highlights the challenges the company faces despite recent gains, as it continues to grapple with negative financial trends and a substantial underperformance relative to the broader market.