Why is Tyroon Tea Co. falling/rising?

As of 03-Jul, Tyroon Tea Company Ltd is experiencing a price increase, currently at 105.20, reflecting a rise of 1.55 or 1.5%. Today, the stock opened with a gain of 2.27% and reached an intraday high of Rs 119.8, marking a significant increase of 15.58%. Despite this positive movement, the stock has shown high volatility with an intraday volatility of 7.42%. Over the past week, the stock has outperformed its sector by 1.68%, although it has a year-to-date decline of 11.41%. The company has an attractive valuation with a return on equity of 7.1 and a price-to-book value of 0.8, but it faces challenges due to operating losses and weak long-term fundamental strength, as indicated by a significant drop in profit after tax in the latest quarter.
In the broader market context, the stock's short-term performance has been relatively better than the benchmark, with a 1.20% increase over the past week compared to a decline of 0.62% in the Sensex. However, the stock's year-to-date performance lags behind the benchmark's gain of 6.53%. The recent increase in stock price may be attributed to its attractive valuation and positive short-term performance, despite the underlying issues such as operating losses and declining investor participation. Overall, while the stock shows some positive movement today, its long-term outlook remains uncertain due to fundamental weaknesses.