Why is Tube Investments falling/rising?

As of 01-Sep, Tube Investments of India Ltd is experiencing a price increase, currently at Rs 3,141.40, reflecting a rise of Rs 194.3 or 6.59%. The stock has shown strong performance today, outperforming its sector by 5.86% and achieving a consecutive gain over the last two days with a total return of 6.75%. It reached an intraday high of Rs 3,150, and is trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages. Despite a decline in delivery volume by 12.23% against the 5-day average, the company maintains a low debt-to-equity ratio of 0.09, strong long-term growth in net sales and operating profit, and high institutional holdings at 43.55%, which contribute positively to investor sentiment.
In the broader market context, Tube Investments has outperformed the Sensex in the short term, with a 1-week return of +2.66% compared to the benchmark's -1.56%. However, the stock has underperformed over the longer term, with a year-to-date return of -11.61% against the Sensex's +2.85%. Despite recent gains, the stock's performance over the past year has been disappointing, with a decline of -22.40% compared to the market's -2.43%. This mixed performance, alongside the company's recent negative financial results, suggests that while there is short-term momentum, longer-term concerns may still weigh on investor confidence.