Why is Tulsyan NEC falling/rising?

As of 23-Jun, Tulsyan NEC Ltd's stock price is currently at 42.49, reflecting an increase of 0.71 or 1.7%. The stock has shown a positive trend recently, gaining 7.05% over the last two days and outperforming its sector by 1.51% today. However, despite this short-term gain, the stock has significantly underperformed in the longer term, with a year-to-date decline of 39.64% and a one-year return of -48.11%. The company has faced substantial challenges, including negative results for the last three consecutive quarters, a high Debt to EBITDA ratio, and a poor long-term growth outlook, which collectively contribute to its classification as a strong sell.
In the broader market context, while the Sensex has shown a slight increase of 0.12% over the past week, Tulsyan NEC's stock has declined by 0.58% in the same period, indicating a relative weakness compared to the benchmark. The stock's recent performance, despite the gains, is overshadowed by its long-term struggles and negative operating profits, which have raised concerns among investors. The high percentage of pledged promoter shares further adds to the stock's risk profile, suggesting that while there may be short-term upward movements, the overall sentiment remains cautious due to the company's fundamental weaknesses.