Why is Atul falling/rising?

As of 24-Jun, Atul Ltd. has a current price of 6,960.00, reflecting an increase of 29.0, or 0.42%. The stock has been gaining for the last two days, with a return of 0.82% during this period. However, it has experienced a decline of 2.65% over the past week and 3.20% over the past month, indicating some volatility. Despite these short-term challenges, the company has shown positive performance in its last three consecutive quarters, with net sales reaching the highest at Rs 1,451.64 crore and a 21.7% growth in profit after tax compared to the previous four-quarter average. The low debt-to-equity ratio and high institutional holdings at 33.43% suggest a stable financial position and confidence from larger investors, which may support the stock's recent upward movement.
In the broader market context, Atul Ltd.'s recent performance contrasts with the benchmark Sensex, which has gained 0.58% over the past week and 0.41% over the past month. This indicates that while Atul has shown some positive movement recently, it has underperformed relative to the market in the short term. The falling investor participation, with a significant drop in delivery volume, could also be a concern, as it suggests reduced interest from retail investors. Overall, while the stock has seen a slight rise recently, its longer-term performance compared to the benchmark and the decline in trading activity may temper optimism.