Why is Kanoria Chem. falling/rising?

As of 15-Sep, Kanoria Chemicals & Industries Ltd is experiencing a price increase, currently at 85.68, reflecting a change of 1.23 or 1.46% upward. The stock has shown a trend reversal, gaining after two consecutive days of decline. Despite this positive movement today, the stock has underperformed in the short term, with a 1-week return of -0.46% compared to the Sensex's +1.24%. Additionally, the stock's performance over the year has been significantly negative, with a decline of 42.09%, while the Sensex has only decreased by 1.33%. The stock is currently trading above its 5-day and 20-day moving averages but below its longer-term moving averages, indicating mixed signals regarding its momentum. Furthermore, there has been a notable decrease in investor participation, with delivery volume falling by 31.52% against the 5-day average, which may suggest waning interest among investors.
In the broader market context, while Kanoria Chemicals has outperformed its sector by 0.88% today, its overall year-to-date performance is concerning, with a decline of 24.31% compared to the Sensex's gain of 4.67%. This disparity highlights the stock's struggles relative to the market, despite today's positive movement. The liquidity of the stock remains adequate for trading, as it is based on 2% of the 5-day average traded value. However, the falling investor participation could be a warning sign for future performance, indicating that while there may be short-term gains, the long-term outlook remains uncertain amidst broader market trends.