Why is Tyroon Tea Co. falling/rising?

As of 30-Jul, Tyroon Tea Company Ltd is experiencing a price increase, currently at Rs 117.60, reflecting a rise of 2.7 or 2.35%. The stock has shown strong performance today, outperforming its sector by 1.56% and achieving consecutive gains over the last two days, totaling a 5.14% increase. It opened with a significant gain of 4.35% and reached an intraday high of Rs 119.9. Over the past month, the stock has generated a return of 12.00%, contrasting with a decline of 0.76% over the past week. Despite a year-to-date decline of 0.97%, the stock has outperformed the BSE500 in the last three years, one year, and three months, indicating a strong long-term performance. However, it is trading at a premium compared to its peers, which may reflect investor confidence despite operating losses.
In the broader market context, the stock's recent performance contrasts with the Sensex, which has declined by 1.50% over the past week. While Tyroon Tea Company has shown resilience and positive returns in the short term, the broader market has faced challenges. The company's attractive valuation, with a return on equity of 7.1 and a price-to-book value of 0.9, suggests potential for growth, although it has also reported operating losses and weak long-term fundamental strength. The increase in delivery volume by 75.24% indicates rising investor participation, which may be driving the stock's upward movement despite the underlying financial challenges.