Why is Chemfab Alka. falling/rising?

As of 02-Jul, Chemfab Alkalis Ltd's stock price is rising, currently at Rs 807.00, reflecting an increase of Rs 35.45 or 4.59%. The stock has shown strong performance today, outperforming its sector by 5.48% and achieving a consecutive gain over the last four days, with a total return of 6.17% during this period. Additionally, the stock has generated a notable 30.55% return over the past year, despite negative results in the last eight quarters, including a significant drop in profit after tax. The company has a low debt-to-equity ratio, which is favorable, but its high valuation compared to peers and declining profits raise concerns.
Broader Market Context: In the short term, Chemfab Alkalis Ltd has outperformed the Sensex, with a 5.08% increase over the past week compared to the benchmark's 0.79% rise. This trend indicates that investor sentiment may be more favorable towards Chemfab Alkalis despite its recent financial struggles. The stock's liquidity is adequate, with a 31.3% increase in delivery volume, suggesting rising investor participation. However, the low stake held by domestic mutual funds may indicate a lack of confidence in the stock's valuation, which could impact its future performance.