Why is Deepak Chemtex falling/rising?

As of 29-Aug, Deepak Chemtex Ltd's stock price is currently at Rs 136.95, reflecting an increase of Rs 5.9 or 4.5%. The stock has shown a trend reversal, gaining after two consecutive days of decline. It outperformed its sector by 4.56% today and reached an intraday high of Rs 136.95. However, the stock's performance over the past month has been negative, with a decline of 15.96%, while it has increased by 50.49% over the past year. Notably, the stock is trading above its 100-day and 200-day moving averages but below its 5-day, 20-day, and 50-day moving averages. There has been a significant drop in investor participation, with delivery volume falling by 64.29% compared to the 5-day average, indicating a potential concern for liquidity, although it remains liquid enough for trading.
Broader market context shows that while Deepak Chemtex's stock has risen today, its short-term performance is still lagging behind the benchmark Sensex, which has declined by 1.84% over the past week. In contrast, Deepak Chemtex's slight decline of 0.04% over the same period suggests that it is not entirely insulated from broader market trends. The stock's year-to-date performance is also underwhelming, with a decline of 3.01% compared to the Sensex's gain of 2.14%. This context highlights the challenges the stock faces despite today's positive movement, as it continues to navigate a generally unfavorable market environment.