Why is Chemtech Indust. falling/rising?

As of 29-Aug, Chemtech Industrial Valves Ltd is experiencing a price increase, currently at Rs 106.00, reflecting a rise of 3.1 (3.01%). The stock has shown a trend reversal, gaining after two consecutive days of decline, and it outperformed its sector by 2.38%. Despite this positive movement today, the stock has underperformed over the past month with a return of -6.19% and a significant year-to-date decline of -50.77%. The company reported strong quarterly results, with the highest PBDIT at Rs 3.20 crore and an operating profit to net sales ratio of 33.44%. However, it faces challenges with a low return on equity of 9.88% and a high debt to EBITDA ratio of 3.81 times, indicating weak long-term fundamental strength.
Broader market context shows that while Chemtech's stock has risen today, it has significantly underperformed the benchmark, with a one-year return of -62.58% compared to the Sensex's -2.83%. This stark contrast highlights the stock's struggles despite the recent uptick. The broader market has been relatively stable, with the BSE500 generating negative returns of -5.40% over the past year, further emphasizing Chemtech's difficulties in maintaining investor confidence and participation, as evidenced by a 55.13% drop in delivery volume against the five-day average.