Why is TruCap Finance falling/rising?

As of 02-Sep, TruCap Finance Ltd's stock price is currently at 11.74, reflecting an increase of 0.55 or 4.92%. The stock has shown a positive performance today, outperforming its sector by 5.05% and has been gaining for the last two days, with a total return of 10.23% during this period. However, despite this recent uptick, the stock has significantly underperformed over the longer term, with a year-to-date decline of 31.74% and a staggering 73.24% drop over the past year. The company is facing challenges such as operating losses, a weak long-term fundamental strength, and a reduction in promoter confidence, as evidenced by a 4.8% decrease in their stake. These factors contribute to a negative outlook despite the short-term gains.
In the broader market context, TruCap Finance's recent performance contrasts sharply with the benchmark, as the Sensex has shown a slight increase of 2.58% year-to-date. While the stock has gained 10.55% over the past week, the overall trend remains concerning, with consistent underperformance against the benchmark over the last three years. The stock's liquidity is adequate for trading, but the significant drop in delivery volume indicates a potential decline in investor interest. Overall, while there are short-term gains, the long-term outlook remains bleak due to fundamental weaknesses and reduced confidence from promoters.