Why is Chemcon Special. falling/rising?

As of 18-Jul, Chemcon Speciality Chemicals Ltd is experiencing a rise in its stock price, currently at Rs 232.10, reflecting an increase of 5.2 or 2.29%. The stock has shown strong performance recently, gaining 19.76% over the last three days and outperforming its sector by 3.32% today. It has also been trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating positive momentum. Additionally, there has been a significant increase in investor participation, with delivery volume rising by 789.58% against the 5-day average. However, despite these positive short-term movements, the company has faced challenges, including a poor long-term growth outlook with net sales declining at an annual rate of -3.93% and operating profit down by -26.22% over the last five years.
In the broader market context, Chemcon's short-term return of +20.45% over the past month significantly outpaces the Sensex, which has only increased by +0.38% during the same period. However, the stock's year-to-date performance of +2.52% lags behind the Sensex's +4.63%, and its one-year return of -10.39% indicates consistent underperformance against the benchmark. This underperformance is compounded by a high valuation relative to its peers, as evidenced by a Price to Book Value of 1.7 and a low return on equity of 4.9. Despite the recent gains, the long-term outlook remains concerning, which may affect investor sentiment moving forward.