Why is KG Petrochem falling/rising?

As of 07-Oct, KG Petrochem Ltd's stock price is currently at Rs 256.80, reflecting an increase of Rs 15.7 or 6.51%. Today's price summary indicates that the stock has outperformed its sector by 6.71% and has experienced a trend reversal, gaining after six consecutive days of decline. The stock reached an intraday high of Rs 256.80, although it also touched a low of Rs 230.05 during the day, indicating high volatility with an intraday fluctuation of 5.49%. Despite this positive movement today, the stock has shown a year-to-date decline of 14.16% compared to a 4.85% increase in the benchmark Sensex, and there has been a significant drop in investor participation, with delivery volume falling by 82.52% against the five-day average.
Broader Market Context: In the short term, KG Petrochem's performance has been mixed, with a slight decline of 0.25% over the past week, while the Sensex has increased by 2.07% in the same period. This underperformance relative to the benchmark highlights the challenges the stock has faced, despite today's gains. The stock's long-term performance shows a 27.73% increase over the past year, which is significantly better than the Sensex's 1.08% rise, suggesting that while recent trends have been volatile, there is potential for recovery in the longer term.