Why is Diamines & Chem. falling/rising?

As of 10-Nov, Diamines & Chemicals Ltd is experiencing a price increase, currently at Rs 280.70, reflecting a rise of Rs 17.4 or 6.61%. The stock has shown positive momentum, gaining 8.5% over the last two days and outperforming its sector by 7.37% today. Despite a recent decline of 6.04% over the past month and a significant year-to-date drop of 42.73%, today's performance indicates a potential reversal in sentiment. The stock reached an intraday high of Rs 288.15, although it is trading below its longer-term moving averages, which suggests mixed signals regarding its overall trend. Additionally, there has been a decrease in investor participation, with delivery volume falling by 11.19% compared to the five-day average, indicating some caution among investors.
Broader Market Context: In the context of the broader market, the Sensex has shown a slight decline of 0.53% over the past week, while Diamines & Chemicals Ltd has outperformed this benchmark with a gain of 4.12%. This short-term outperformance may reflect a temporary rebound or positive sentiment specific to the stock, contrasting with its longer-term struggles, as evidenced by its significant declines over the past year and three years compared to the Sensex's positive returns. The liquidity of the stock remains adequate for trading, which may support continued interest from investors despite the recent downturn in delivery volumes.