Why is Balaji Amines falling/rising?

As of 06-Aug, Balaji Amines Ltd's stock price is currently at 1,552.60, reflecting an increase of 29.7, or 1.95%. The stock has shown a trend reversal by gaining after three consecutive days of decline. Today, it outperformed its sector by 1.86% and reached an intraday high of Rs 1563.7, which is a 2.68% increase. However, the stock's performance over the past week and month has been negative, with declines of 9.73% and 13.84%, respectively. Additionally, the stock has underperformed significantly on a year-to-date basis, down 12.82%, and over the last year, it has decreased by 32.21%. The delivery volume has also fallen by 2.33% against the five-day average, indicating a decrease in investor participation, although the stock remains liquid enough for trading.
In the broader market context, Balaji Amines' recent performance contrasts with the benchmark Sensex, which has seen a slight decline of 1.15% over the past week and 3.46% over the past month. While the stock has outperformed the sector today, its longer-term returns are concerning, especially when compared to the Sensex's positive year-to-date return of 3.08%. This suggests that despite today's uptick, the stock is still facing significant challenges in the market, as indicated by its substantial declines over the past year and three years, where it has fallen by 32.21% and 56.56%, respectively.