Why is Chemfab Alka. falling/rising?

As of 22-Sep, Chemfab Alkalis Ltd is currently priced at 650.00, reflecting an increase of 2.4 (0.37%). The stock has shown a trend reversal, gaining after three consecutive days of decline, and has outperformed its sector by 1.2%. However, it is still trading lower than its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages. Over the past week, the stock has increased by 0.78%, but it has experienced a significant decline of 5.65% over the past month and a staggering 36.98% year-to-date. The company has reported negative results for the last nine consecutive quarters, with a 48.49% decline in profit after tax over the latest six months, and a return on capital employed (ROCE) of only 1.7, indicating a very expensive valuation compared to its peers.
In the broader market context, while Chemfab Alkalis has outperformed the Sensex in the short term, the stock's long-term performance has been underwhelming, generating a return of -34.89% over the past year compared to a -2.82% return for the Sensex. The company's low debt-to-equity ratio and healthy long-term growth in operating profit contrast sharply with its recent poor performance and falling investor participation, as evidenced by a 35.43% drop in delivery volume. The limited interest from domestic mutual funds, holding only 0.25% of the company, suggests a lack of confidence in the stock's current valuation and business outlook, further contributing to its struggles in the market.