Why is Nocil falling/rising?

As of 30-Jun, Nocil Ltd. is experiencing a price increase, currently trading at Rs 198.40, which reflects a rise of Rs 3.6 or 1.85%. The stock has shown strong performance in the short term, with a 5.73% increase over the last two days and an 8.83% gain over the past week. Today's trading saw the stock reach an intraday high of Rs 203.6, and it has outperformed its sector by 1.33%. However, despite these short-term gains, the company faces challenges, including a significant decline in operating profit over the past five years and a recent drop in PAT, which fell by 32.7% compared to the previous quarter's average. The stock's valuation is considered expensive relative to its peers, and it has consistently underperformed against the benchmark over the last three years.
In the broader market context, Nocil's recent performance contrasts with the benchmark, as it has outperformed the Sensex by a notable margin in the short term, with a 10.71% increase over the past month compared to the Sensex's 2.65%. However, the stock's year-to-date performance remains concerning, with a decline of 18.59% against the Sensex's gain of 7.00%. This suggests that while Nocil is experiencing a temporary rise, the long-term outlook is less favorable, as indicated by its negative returns over the past year and three years. The rising investor participation and liquidity may provide some support for the stock, but the underlying financial challenges could limit its potential for sustained growth.