Why is Diamines & Chem. falling/rising?

As of 30-Jun, Diamines & Chemicals Ltd is experiencing a price increase, with its current price at Rs 431.30, reflecting a rise of Rs 7.05 or 1.66%. The stock has shown a strong performance today, outperforming its sector by 1.14% and reaching an intraday high of Rs 456.1, which is a 7.51% increase. However, despite this short-term gain, the stock has underperformed over the longer term, with a year-to-date decline of 12.01% and a one-year drop of 18.00%. The company has faced significant challenges, including negative results for the last seven consecutive quarters, a substantial decline in operating profit, and a very expensive valuation compared to its peers. These factors contribute to a cautious outlook despite the recent price rise.
In the broader market context, the stock's short-term return of 7.69% over the past week significantly outpaces the Sensex's return of 2.09% during the same period. However, the stock has struggled in the long run, with a one-year return of -18.00% compared to the Sensex's positive return of 5.79%. This indicates that while there may be some short-term optimism reflected in today's price movement, the overall performance remains weak relative to the market, highlighting ongoing concerns about the company's financial health and growth prospects.