Why is Jayshree Chem. falling/rising?

As of 19-Sep, Jayshree Chemicals Ltd's stock price is currently at Rs. 7.05, reflecting an increase of Rs. 0.05 or 0.71%. The stock has recently outperformed its sector by 1.04% and has shown consecutive gains over the last two days, rising by 0.86%. However, it is important to note that the stock hit a new 52-week low of Rs. 6.07 today. Additionally, the stock is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a bearish trend. The delivery volume has also decreased by 10.42% compared to the 5-day average, suggesting falling investor participation.
In the broader market context, the stock has underperformed compared to the benchmark Sensex over various periods, including a 1-week decline of 2.76% against a 0.88% gain for the Sensex, and a year-to-date drop of 24.19% compared to a 5.74% increase in the benchmark. This significant underperformance highlights the challenges faced by Jayshree Chemicals Ltd in attracting investor interest relative to the overall market. Despite the recent uptick in price, the overall trend and market conditions suggest that the stock remains under pressure.