Why is Chemcon Special. falling/rising?

As of 13-Aug, Chemcon Speciality Chemicals Ltd is experiencing a slight increase in its stock price, currently at 228.40, with a change of 0.25 or 0.11% upward. The stock has been gaining for the last two days, rising by 0.37% during this period, although it has underperformed its sector by 1.87%. Over the past week, the stock has decreased by 0.76%, while it has shown a significant increase of 17.13% over the last month. However, the stock has a concerning long-term performance, with a decline of 12.12% over the past year and a dramatic drop of 45.06% over the last three years. The company's low debt-to-equity ratio is a positive factor, but its poor long-term growth, reflected in declining net sales and operating profit, raises concerns about its valuation.
In the broader market context, while the stock has shown some short-term resilience, it continues to lag behind the benchmark, which has seen a minimal change of -0.01% over the past week. The chemicals sector overall has gained by 2.06%, indicating that Chemcon's performance is not aligned with its peers. The stock's consistent underperformance against the benchmark over the last three years, coupled with a lack of domestic mutual fund investment, suggests a lack of confidence in its future growth prospects. Despite a recent uptick, the overall sentiment remains cautious due to the company's historical performance and valuation concerns.