Why is Laxmi Organic falling/rising?

As of 03-Sep, Laxmi Organic Industries Ltd is currently priced at 217.05, reflecting an increase of 8.5 or 4.08%. The stock has outperformed its sector today by 4.22%, reaching an intraday high of Rs 218.5. It is trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating positive momentum. However, there is a notable decline in investor participation, with delivery volume falling by 48.81% compared to the 5-day average. Despite a low debt-to-equity ratio of 0.05, the company has shown poor long-term growth, with operating profit declining at an annual rate of -17.98% over the last five years and a return on equity (ROE) of 6, suggesting an expensive valuation.
In the broader market context, Laxmi Organic's short-term return of +10.97% over the past month contrasts sharply with the Sensex, which has remained nearly flat at -0.04%. Despite this recent uptick, the stock has underperformed against the benchmark over the longer term, with a year-to-date return of -10.66% compared to the Sensex's +3.11%. The stock has consistently underperformed the BSE500 over the last three years, generating a return of -24.61% in the past year while its profits have decreased by -13.7%. This persistent underperformance, combined with negative financial indicators, suggests that while there may be short-term gains, the long-term outlook remains challenging.