Why is Gujarat Alkalies falling/rising?

As of 20-Aug, Gujarat Alkalies & Chemicals Ltd is experiencing a price increase, currently at Rs 563.00, reflecting a change of 3.55 (0.63%) upward. The stock has shown a positive performance today, outperforming its sector by 0.83% and has gained consecutively over the last two days, with a total return of 2.66% during this period. It opened with a significant gain of 4.37% and reached an intraday high of Rs 583.9. However, despite these short-term gains, the stock has underperformed over longer periods, with a year-to-date decline of 24.94% and a one-year return of -25.31%. The company has a low debt-to-equity ratio of 0.04, but it also suffers from poor management efficiency, reflected in a low return on equity (ROE) of 3.85% and a significant decline in operating profit over the last five years.
In the broader market context, the stock's short-term return of +1.15% over the past week is less than the benchmark Sensex, which has increased by 1.64% during the same period. This underperformance is consistent with the stock's trend over the last three years, where it has consistently lagged behind the benchmark. Additionally, there has been a decrease in institutional investor participation, which could indicate a lack of confidence in the stock's long-term prospects. The stock's valuation appears expensive compared to its peers, and despite a recent rise in profits, the overall financial health of the company remains concerning, contributing to its mixed performance in the market.