Why is Archean Chemical falling/rising?

As of 13-Aug, Archean Chemical Industries Ltd is experiencing a price increase, currently at Rs 694.40, reflecting a rise of Rs 42.45 or 6.51%. The stock has shown strong performance today, outperforming its sector by 4.53% and has gained consecutively over the last three days, accumulating a total return of 13.21%. It opened with a gain of 2.62% and reached an intraday high of Rs 727.8, indicating positive momentum. The stock is trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, which suggests a bullish trend. Additionally, the company benefits from high management efficiency, a low debt-to-equity ratio, and increased institutional holdings, which have risen by 1.61% over the previous quarter. However, it faces challenges with poor long-term growth, as evidenced by declining net sales and operating profits over the past five years.
In the broader market context, Archean Chemical's short-term performance has significantly outpaced the benchmark Sensex, which has remained flat at -0.01% over the past week while the stock has risen by 11.35%. This divergence highlights the stock's relative strength in a stagnant market. Despite the positive short-term trends, the company has reported negative results for the last six consecutive quarters, which raises concerns about its long-term viability. The stock's valuation appears expensive compared to its fundamentals, with a high price-to-book value ratio, and its profitability has declined by 31.4% over the past year. Thus, while the stock is currently rising, underlying financial challenges may pose risks for future performance.