Why is Fineotex Chem falling/rising?

As of 20-Jun, Fineotex Chemical Ltd's stock price is currently at 277.80, reflecting an increase of 14.05 or 5.33%. The stock has shown a positive trend today, having outperformed its sector by 4.63% and reversing a two-day decline. It reached an intraday high of Rs 290.95, indicating strong intraday performance despite a wide trading range of Rs 27.7. Over the past week, the stock has gained 4.97%, and in the last month, it has risen by 7.51%. However, it has faced challenges in the longer term, with a year-to-date decline of 16.14% and a one-year drop of 26.23%. The company has high management efficiency with a return on equity (ROE) of 21.66% and a low debt-to-equity ratio, but it has also reported negative quarterly results, including a 32.5% fall in profit after tax compared to the previous four-quarter average, which may weigh on investor sentiment.
In the broader market context, Fineotex Chemical Ltd's short-term performance has significantly outpaced the Sensex, which has only increased by 1.59% over the past week. Despite this positive short-term movement, the stock has underperformed the market over the last year, where the BSE 500 has generated a return of 2.60%. This contrast highlights the stock's volatility and the potential concerns surrounding its recent financial performance, which could lead to cautious investor behavior despite today's gains.