Why is Diamines & Chem. falling/rising?

As of 24-Jun, Diamines & Chemicals Ltd is experiencing a price increase, with its current price at Rs 402.75, reflecting a rise of 2.25 (0.56%). The stock has shown a positive trend, gaining for the last three days and achieving an overall return of 8.51% during this period. Additionally, the stock's performance over the past week has been strong, with a return of 6.36%, significantly outperforming the Sensex, which only increased by 0.58%. Despite this short-term gain, the company has faced challenges, including a negative growth rate in operating profit over the last five years and a decline in net sales and profit after tax in recent quarters. The stock's valuation appears expensive compared to its peers, which may weigh on investor sentiment.
In the broader market context, while the stock has shown positive short-term returns, it has significantly underperformed over the longer term, with a year-to-date decline of 17.83% compared to a 5.01% increase in the Sensex. This underperformance is highlighted by the stock's negative returns of 21.00% over the past year, contrasting sharply with the market's overall positive performance. Despite the recent gains and rising investor participation, the long-term growth concerns and consecutive negative results may continue to impact investor confidence in the stock.