Why is Daikaffil Chem falling/rising?

As of 24-Jun, Daikaffil Chemicals India Ltd's stock price is currently at Rs 158.55, reflecting an increase of Rs 7.55, or 5.0%. The stock has shown a positive performance today, outperforming its sector by 6.12% and has been gaining for the last two days, accumulating a total return of 5.7% during this period. It opened with a gain of 5% and reached an intraday high of Rs 158.55. However, despite this recent uptick, the stock's year-to-date performance remains negative at -36.58%, although it has shown a strong annual return of +44.11% over the past year. Notably, there has been a significant decline in investor participation, with delivery volume dropping by 81.86% against the 5-day average, indicating a potential concern regarding sustained interest in the stock.
In the broader market context, Daikaffil Chemicals has outperformed the benchmark Sensex in the short term, with a 1-week return of +1.31% compared to the Sensex's +0.58%. However, over the longer term, the stock's year-to-date decline contrasts sharply with the Sensex's positive return of +5.01%. This suggests that while the stock is experiencing a short-term rebound, it has struggled significantly in the longer term relative to the broader market. The liquidity of the stock remains adequate for trading, but the falling delivery volume may raise questions about the sustainability of the recent price increase.