Why is Deepak Nitrite falling/rising?

As of 16-Sep, Deepak Nitrite Ltd. is experiencing a price increase, with its current price at Rs 1,789.05, reflecting a rise of Rs 43.05 or 2.47%. Today's performance indicates a positive trend, as the stock has gained after two consecutive days of decline and outperformed its sector by 1.97%. However, it remains close to its 52-week low, just 3.15% away from Rs 1,732.7. Over the past week, the stock has shown a return of +2.86%, although it has underperformed over the past month and year, with returns of -3.58% and -38.94%, respectively. The company boasts a high management efficiency with a return on equity (ROE) of 22.90% and a low debt-to-equity ratio of 0.04, which are positive indicators. However, the stock's long-term growth prospects are concerning, as operating profit has declined at an annual rate of -1.05% over the last five years, and recent quarterly results have shown significant drops in profit before tax and profit after tax.
In the broader market context, Deepak Nitrite's short-term performance has outpaced the benchmark Sensex, which has returned +1.58% over the same week. Despite this, the stock has consistently underperformed against the benchmark over the last three years, with a year-to-date return of -28.32% compared to the Sensex's +5.43%. The stock's liquidity remains adequate for trading, but there has been a notable decline in investor participation, with delivery volume falling by 35.98% against the five-day average. This decline in participation, coupled with the stock's expensive valuation relative to its peers, suggests that while there may be short-term gains, the long-term outlook remains uncertain, contributing to a cautious sentiment among investors.