Why is Chemfab Alka. falling/rising?

As of 12-Aug, Chemfab Alkalis Ltd's stock price is currently at 680.50, reflecting an increase of 21.95 or 3.33%. Today's price summary indicates that the stock has outperformed its sector by 4.15% and has experienced a trend reversal after two consecutive days of decline. It opened with a gain of 2% and reached an intraday high of Rs 688.3, which is a 4.52% increase. However, the stock is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, and there has been a significant drop in investor participation, with delivery volume falling by 50.9% compared to the 5-day average. Despite a low debt-to-equity ratio and healthy long-term growth in operating profit, the company has reported negative results for the last nine consecutive quarters, with a substantial decline in profits.
Broader market context shows that Chemfab Alkalis Ltd has underperformed the market over the past year, with a return of -19.36% compared to the Sensex's increase of 0.74%. While the stock has seen a short-term rise today, its long-term performance remains concerning, particularly given the significant drop in profits and the low interest from domestic mutual funds, which hold only 0.25% of the company. This lack of confidence from institutional investors may indicate that the stock is trading at a premium compared to its peers, contributing to its overall negative sentiment in the market.