Why is Diamines & Chem. falling/rising?

As of 23-Jun, Diamines & Chemicals Ltd is experiencing a price increase, currently at Rs 400.50, reflecting a rise of Rs 21.2 or 5.59%. The stock has shown a strong performance today, outperforming its sector by 5.42% and achieving a consecutive gain over the last two days with a total return of 7.91%. Additionally, the stock reached an intraday high of Rs 415.85, indicating positive momentum. However, it is important to note that the stock's year-to-date performance remains negative at -18.29%, and it has underperformed over the past year with a decline of -22.96%. The delivery volume has decreased significantly, falling by -30.69% against the 5-day average, which may indicate a reduction in investor participation.
In the broader market context, the stock's short-term return of +7.73% over the past week significantly outpaces the Sensex, which has only increased by +0.12% during the same period. This suggests that the recent price movement of Diamines & Chemicals Ltd is driven by factors specific to the company rather than broader market trends. While the stock has shown positive short-term performance, its long-term returns remain concerning, particularly when compared to the Sensex's +4.81% year-to-date gain. The liquidity of the stock appears adequate for trading, but the falling investor participation could pose challenges for sustained upward momentum.