Why is Fineotex Chem falling/rising?

As of 23-Jun, Fineotex Chemical Ltd's stock price is currently at 280.55, reflecting an increase of 2.75 or 0.99%. The stock has shown a strong performance recently, with a consecutive gain over the last two days, resulting in a total return of 6.37% during this period. Additionally, it has outperformed its sector by 0.82%. The stock's performance over the past week and month has also been positive, with returns of 6.03% and 19.33%, respectively. However, it is important to note that the stock has underperformed over the longer term, with a year-to-date decline of 15.31% and a one-year drop of 28.15%. Factors contributing to the recent rise include high management efficiency indicated by a return on equity (ROE) of 21.66% and a low debt-to-equity ratio, which may instill confidence among investors. Conversely, negative results reported in March, including a significant drop in profit after tax and net sales, as well as a high price-to-book value ratio compared to peers, suggest that the stock may be trading at a premium, which could deter some investors.
In the broader market context, Fineotex Chemical Ltd has outperformed the Sensex in the short term, with a 1-week return of 6.03% compared to the benchmark's modest gain of 0.12%. However, the stock's long-term performance has been disappointing, with a one-year return of -28.15% against the Sensex's increase of 6.07%. This stark contrast highlights the challenges the company faces in regaining investor confidence despite recent positive movements. The rising investor participation, as evidenced by a significant increase in delivery volume, may indicate a shift in sentiment, but the overall underperformance in the last year remains a concern for potential investors.