Why is Gujarat Alkalies falling/rising?

As of 05-Jun, Gujarat Alkalies & Chemicals Ltd is experiencing a price increase, currently at 593.55, reflecting a rise of 5.95 or 1.01%. The stock has shown a positive trend recently, gaining 1.89% over the last two days, although it remains below its longer-term moving averages. Despite this short-term gain, the stock has underperformed over the past month, with a decline of 3.38%, and a significant year-to-date drop of 20.87%. The company has a low debt-to-equity ratio of 0.04, which is a positive aspect, but it also faces challenges such as poor management efficiency indicated by a low return on equity of 3.85% and negative operating profit growth over the last five years. Additionally, the stock is technically in a mildly bearish range, which may contribute to investor caution.
In the broader market context, the stock's recent performance contrasts with the benchmark, as it has gained 1.94% over the past week while the Sensex has decreased by 0.23%. However, the stock's longer-term performance remains concerning, with a significant underperformance compared to the benchmark over the past three years. The stock's liquidity is adequate for trading, but a notable decline in delivery volume suggests falling investor participation, which could further impact its price movement. Overall, while there are some short-term gains, the underlying fundamentals and longer-term performance trends indicate a challenging environment for Gujarat Alkalies & Chemicals Ltd.