Why is Tulsyan NEC falling/rising?

As of 30-Jun, Tulsyan NEC Ltd's stock price is currently at 41.70, reflecting an increase of 0.7, or 1.71%. The stock has outperformed its sector today, gaining for the last two consecutive days with a total return of 2.43% during this period. However, the stock has shown poor performance over the longer term, with a year-to-date decline of 40.77% and a one-year return of -45.98%. The company has reported negative results for the last three consecutive quarters, with a significant drop in profit after tax and net sales, alongside a concerning debt to EBITDA ratio. Additionally, 99.63% of promoter shares are pledged, which adds to the stock's risk profile and may exert downward pressure on its price.
In the broader market context, the stock's short-term performance contrasts sharply with the benchmark, as the Sensex has gained 2.09% over the past week and 2.65% over the past month. This indicates that while Tulsyan NEC has seen a slight uptick recently, it is still lagging significantly behind the overall market trends. The company's weak long-term fundamentals, including a return on capital employed of 0% and declining sales, further highlight the challenges it faces in maintaining investor confidence, especially in a rising market environment.