Why is TVS Elec. falling/rising?

As of 15-Sep, TVS Electronics Ltd is experiencing a price increase, currently at 453.00, reflecting a rise of 31.25 or 7.41%. The stock has shown strong performance today, outperforming its sector by 7.44% and achieving a consecutive gain over the last four days, with a total return of 12.16% during this period. It opened with a gain of 3.6% and reached an intraday high of Rs 483.8, indicating significant investor interest. Additionally, the stock has been trading above its moving averages across various time frames, and there has been a notable increase in delivery volume, suggesting rising investor participation. However, the company faces challenges, including poor long-term growth metrics, with net sales and operating profit growth lagging behind expectations, and negative results reported in June.
In the broader market context, TVS Electronics has significantly outperformed the benchmark Sensex in both the short-term and long-term. Over the past week, the stock has gained 11.58%, compared to the Sensex's modest increase of 1.24%. Similarly, in the last month, the stock's return of 13.79% surpasses the Sensex's 1.47%. This strong performance contrasts with the company's underlying financial struggles, including a negative PAT and declining profits, which may deter some investors. Despite these concerns, the stock's recent upward momentum reflects a positive market sentiment, bolstered by its historical outperformance against broader indices over the past three years.