Why is Daikaffil Chem falling/rising?

As of 05-Aug, Daikaffil Chemicals India Ltd's stock price is currently at Rs 138.80, reflecting an increase of Rs 3.7 or 2.74%. The stock has been on an upward trend, gaining for the last four consecutive days with a total return of 10.64% during this period. It opened with a notable gain of 4.22% today and reached an intraday high of Rs 140.8. However, despite this positive movement, the stock's delivery volume has significantly decreased by 60.21% compared to the 5-day average, indicating falling investor participation. In terms of performance against benchmarks, the stock has outperformed the sector by 2.73% today, but it has a mixed performance over longer periods, with a year-to-date decline of 44.48%.
Broader Market Context: In comparison to the Sensex, Daikaffil Chemicals has shown a strong short-term performance, with a weekly return of +7.72% against the benchmark's -0.77%. While the stock has experienced substantial gains recently, its year-to-date performance remains significantly negative, contrasting with the Sensex's positive return of 3.29%. This suggests that while the stock is currently experiencing a rebound, it has faced considerable challenges over the longer term, which may affect investor sentiment moving forward.