Why is TVS Srichakra falling/rising?

As of 13-Jun, TVS Srichakra Ltd's stock price is rising, currently at 3,123.00, reflecting an increase of 239.4 or 8.3%. The stock has shown a positive trend today, gaining after three consecutive days of decline, and has outperformed its sector by 8.37%. It reached an intraday high of Rs 3,281.55, indicating strong trading activity with a wide range of Rs 393.1. Despite a year-to-date decline of 9.97% and a significant drop of 28.78% over the past year, the stock's recent performance is bolstered by rising investor participation, with delivery volume increasing by 64.33% compared to the five-day average. However, the company has faced challenges, including a 73.3% fall in profits over the past year and a weak long-term fundamental strength, which may temper investor enthusiasm.
Broader market context shows that while TVS Srichakra has outperformed the Sensex in the short term, with a 5.50% gain over the past week compared to the benchmark's decline of 1.30%, it has underperformed over the longer term, with a year-to-date return of -9.97% against the Sensex's positive return of 3.81%. The stock's valuation appears attractive compared to peers, trading at a discount, but its weak financial metrics, such as a high Debt to EBITDA ratio and negative returns over the last four quarters, raise concerns about its sustainability. Overall, while the stock is experiencing a short-term rise, its long-term outlook remains uncertain due to fundamental weaknesses.