Why is Denis Chem Lab falling/rising?

As of 19-Nov, Denis Chem Lab Ltd's stock price is currently at Rs 90.00, reflecting an increase of Rs 1.48 or 1.67%. The stock has shown a positive trend recently, gaining for the last three days and achieving a total return of 6.52% during this period. It opened today with a gain of 2.12% and reached an intraday high of Rs 90.4. In terms of performance against benchmarks, the stock has outperformed its sector by 2.37%. However, it is important to note that while the stock has performed well in the short term, its year-to-date return remains significantly negative at -46.51%, indicating a challenging longer-term performance. The positive momentum is supported by rising investor participation, with delivery volume increasing by 18.61% compared to the five-day average.
In the broader market context, the stock's short-term return of 1.27% over the past week outpaces the Sensex, which has gained 0.85% during the same period. However, over the longer term, Denis Chem Lab's performance has lagged behind the benchmark, with a year-to-date decline of -46.51% compared to the Sensex's positive return of 9.02%. This contrast highlights the stock's volatility and the challenges it faces in maintaining investor confidence despite recent gains.