Why is Diamines & Chem. falling/rising?

As of 15-Jul, Diamines & Chemicals Ltd's stock price is currently at Rs 402.55, reflecting an increase of Rs 11.5 or 2.94%. Today's price summary indicates that the stock has outperformed its sector by 1.85% and has experienced a trend reversal, gaining after two consecutive days of decline. The stock reached an intraday high of Rs 408.6, showing a rise of 4.49%. Despite this short-term gain, the stock has underperformed in the longer term, with a year-to-date decline of 17.87% and a one-year drop of 32.23%. The company has faced significant challenges, including a negative operating profit growth rate of -54.32% over the past five years and a consistent decline in profits, with a recent PAT decline of 60.20%.
Broader Market Context: In the context of the broader market, the stock has shown a short-term improvement compared to the benchmark, as it has gained 6.07% over the past month while the Sensex has only increased by 1.79%. However, the stock's longer-term performance remains concerning, as it has significantly underperformed the market over the past year, generating a return of -32.23% compared to the Sensex's positive return of 2.36%. This underperformance, coupled with the company's negative financial results and high valuation relative to peers, suggests that while there may be short-term gains, the overall outlook for Diamines & Chemicals Ltd remains weak.