Why is GNFC falling/rising?

As of 04-Jul, Gujarat Narmada Valley Fertilizers & Chemicals Ltd. (GNFC) is experiencing a slight increase in its stock price, currently at 558.85, reflecting a change of 0.05 (0.01%) upwards. The stock has shown a performance today that outperformed its sector by 0.59% and has gained after two consecutive days of decline. In the past week, GNFC has seen a return of +2.52%, while its one-month return stands at +1.70%. Despite a year-to-date return of +0.38%, the stock has underperformed over the last year with a decline of -23.25%. Positive financial results from March 25, including the highest PBDIT and operating profit margins, alongside a low debt-to-equity ratio and high institutional holdings, suggest a fair valuation and potential for recovery, which may be contributing to the recent price increase.
In the broader market context, GNFC's short-term performance has outpaced the Sensex, which has declined by -0.74% over the past week. However, the stock's one-month performance is lagging behind the benchmark, which has gained +3.01%. The falling investor participation, indicated by a significant drop in delivery volume, could be a concern for sustained price increases. Overall, while GNFC is currently rising, its long-term performance remains under pressure compared to the broader market, as evidenced by its negative returns over the past year and three years.