Why is Denis Chem Lab falling/rising?

As of 01-Sep, Denis Chem Lab Ltd's stock price is currently at 96.35, reflecting an increase of 3.46 or 3.72%. Today's performance indicates a positive trend, as the stock has gained after five consecutive days of decline, opening with a gain of 2.06%. It reached an intraday high of Rs 98.48, showing a 6.02% increase. Despite this short-term recovery, the stock has experienced a significant decline over the past year, with a return of -41.76%, and a decrease in profits by -19.6%. The company maintains a low debt-to-equity ratio of 0.02 and a price-to-book value of 1.6, suggesting an attractive valuation compared to peers, but the overall long-term growth remains poor, with net sales and operating profit growth rates of only 7.07% and 8.85% respectively over the last five years.
In the broader market context, Denis Chem Lab's recent performance has outpaced the Sensex, which has declined by 1.56% over the past week while the stock itself has risen by 1.83%. However, the stock's year-to-date performance is concerning, as it has fallen by 42.73%, contrasting sharply with the Sensex's increase of 2.85%. This underperformance over the long term, coupled with a flat PAT growth of -38.20% in the last nine months, raises questions about the stock's sustainability despite its recent uptick. The falling investor participation, indicated by a significant drop in delivery volume, further complicates the outlook for Denis Chem Lab Ltd.