Why is Deepak Nitrite falling/rising?

As of 26-Aug, Deepak Nitrite Ltd. has seen its stock price rise by 10.95, or 0.6%, reaching a current price of 1,841.10. The stock has outperformed its sector today by 2.47% and has gained for the last two consecutive days, accumulating a total return of 1.96% during this period. However, the stock is still close to its 52-week low, being only 3.29% away from Rs 1780.5. Despite a high management efficiency indicated by a return on equity (ROE) of 22.90% and a low debt-to-equity ratio of 0.04, the company has faced challenges, including a significant decline in operating profit over the last five years and disappointing quarterly results, which have contributed to a negative sentiment around the stock.
In the broader market context, Deepak Nitrite's short-term return of +1.44% over the past week contrasts with the Sensex, which has declined by 1.05% during the same period. However, the stock has underperformed significantly over longer time frames, with a year-to-date return of -26.24% compared to the Sensex's +3.39%. This underperformance, coupled with falling investor participation and a high valuation relative to its peers, suggests that while there may be short-term gains, the long-term outlook remains concerning, leading to a cautious approach from investors.