Why is TruCap Finance falling/rising?

As of 08-Jul, TruCap Finance Ltd is experiencing a price increase, currently at 19.68, which reflects a change of 0.38 or 1.97% upward. The stock has shown strong performance recently, with a consecutive gain over the last 21 days, resulting in a remarkable 50.69% return during this period. Additionally, it has outperformed its sector by 2.02%. However, despite these short-term gains, the company is facing significant challenges, including operating losses and a weak long-term fundamental strength, as evidenced by a negative PAT and declining net sales. The promoters have also reduced their stake in the company, indicating a lack of confidence in its future prospects, which could weigh on investor sentiment.
In the broader market context, TruCap Finance's short-term performance is notably strong compared to the benchmark, with a 10.25% return over the past week, while the Sensex has only increased by 0.02%. However, the stock has consistently underperformed against the benchmark over the longer term, with a staggering -58.87% return over the past year and -80.38% over three years. This persistent underperformance, coupled with a high price-to-book ratio and declining profitability, suggests that while the stock may be rising in the short term, significant underlying issues remain that could hinder its long-term recovery.