Why is TVS Srichakra falling/rising?

As of 23-Jun, TVS Srichakra Ltd's stock price is currently at Rs 2,934.25, reflecting a decrease of Rs 20.3 or 0.69%. The stock has been on a downward trend, having fallen consecutively for the last five days, resulting in a total decline of 6.49% over the past week. Despite opening with a gain of 4.68% today and reaching an intraday high of Rs 3,092.95, the stock has underperformed its sector by 0.64%. Over the past year, the stock has generated a return of -31.62%, with profits plummeting by 73.3%. The company's weak long-term fundamentals, including a negative growth rate in operating profits and a high debt-to-EBITDA ratio, contribute to the negative sentiment surrounding the stock.
In the broader market context, the stock has significantly underperformed compared to the benchmark index, with the Sensex showing a slight gain of 0.12% over the past week. While the market has generated positive returns of 4.81% year-to-date, TVS Srichakra has seen a decline of 15.41% in the same period. This stark contrast highlights the challenges the company faces, including a low return on equity and consecutive negative results over the last four quarters, which further dampens investor confidence. The falling investor participation, evidenced by a drastic drop in delivery volume, indicates a lack of interest in the stock, exacerbating its price decline.