Why is Deepak Nitrite falling/rising?

As of 22-Sep, Deepak Nitrite Ltd. has a current price of 1,811.25, reflecting an increase of 6.95 (0.39%). The stock has shown a positive trend today, gaining after two consecutive days of decline and outperforming its sector by 1.22%. However, it remains 4.34% away from its 52-week low. Over the past week, the stock has risen by 3.74%, while its year-to-date performance shows a significant decline of 27.43%. The company benefits from high management efficiency, a low debt-to-equity ratio, and substantial institutional holdings, which may contribute to investor confidence. However, the stock faces challenges due to poor long-term growth, negative quarterly results, and a high valuation compared to its peers, which could hinder its price recovery.
In the broader market context, Deepak Nitrite's short-term performance has outpaced the Sensex, which has only increased by 0.46% over the same week. Despite this, the stock has consistently underperformed against the benchmark over the last three years, with a one-year return of -36.43% compared to the Sensex's -2.82%. This underperformance, coupled with declining profits and a high price-to-book ratio, suggests that while there may be short-term gains, the long-term outlook remains concerning, impacting overall investor sentiment.