Why is Fairchem Organic falling/rising?

As of 30-Jun, Fairchem Organics Ltd is experiencing a price increase, currently at 1,014.00, which reflects a rise of 75.75 or 8.07%. Today's performance indicates that the stock has outperformed its sector by 7.55%, reaching an intraday high of Rs 1,100, marking a significant increase of 17.24%. The stock has shown high volatility with an intraday fluctuation of 7.29%, and it is trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages. Additionally, there has been a notable increase in investor participation, with delivery volume rising by 29.03% compared to the 5-day average. However, despite the recent positive movement, the stock has a year-to-date decline of 16.44% and a one-year drop of 26.20%, indicating a challenging longer-term performance.
In the broader market context, Fairchem Organics has outperformed the Sensex in the short term, with a 1-week return of 7.19% compared to the Sensex's 2.09%. This suggests that while the stock is currently gaining traction, it has consistently underperformed against the benchmark over the past three years. The company's ability to service debt is strong, with a low Debt to EBITDA ratio of 0.71, and institutional investors have increased their stake, indicating confidence in the company's fundamentals. However, the stock's long-term growth prospects remain poor, with a significant decline in operating profit and net sales over recent quarters, which could temper the enthusiasm surrounding its recent price rise.