Why is Fairchem Organic falling/rising?

As of 03-Jul, Fairchem Organics Ltd's stock price is currently at Rs 990.45, reflecting an increase of Rs 12.25 or 1.25%. The stock has shown a positive trend today, gaining after two consecutive days of decline and outperforming its sector by 1.28%. It reached an intraday high of Rs 1015, indicating a daily increase of 3.76%. Despite this short-term gain, the stock has experienced a significant decline of 34.63% over the past year, with profits falling by 45.8%. However, the company has a low Debt to EBITDA ratio of 0.71, suggesting a strong ability to service its debt, and institutional investors have increased their stake by 0.54%, indicating growing confidence among more sophisticated investors.
In the broader market context, Fairchem Organics has outperformed the Sensex in the short term, with a 1-week return of 4.64% compared to the Sensex's decline of 0.62%. Despite this recent positive movement, the stock's year-to-date performance remains poor at -18.38%, contrasting sharply with the Sensex's gain of 6.53%. The company's consistent underperformance over the last three years, alongside negative results in recent quarters, raises concerns about its long-term growth potential. While the stock's current movement may reflect short-term optimism, the overall trend indicates significant challenges ahead.