Why is Panch.Organics falling/rising?

As of 23-Jun, Panchsheel Organics Ltd is experiencing a price increase, currently at Rs 138.00, which reflects a rise of 1.7 or 1.25%. Today's performance indicates a trend reversal as the stock has gained after six consecutive days of decline, reaching an intraday high of Rs 141, which is a 3.45% increase. Despite this positive movement, the stock has underperformed against the benchmark over the past week, month, and year, with returns of -9.18%, -3.93%, and -26.98%, respectively. The company has a low debt-to-equity ratio of 0.07, and its attractive valuation is supported by a return on equity of 10.5 and a price-to-book value of 1.4. However, the stock's profits have declined by 0.4% over the past year, contributing to its recent struggles.
In the broader market context, while Panchsheel Organics has outperformed its sector by 1.26% today, its overall performance remains weak compared to the Sensex, which has shown a slight increase of 0.12% over the past week. The stock's consistent underperformance against the benchmark over the last three years, coupled with flat results in recent quarters, raises concerns about its long-term growth potential. Despite a significant increase in investor participation, as indicated by a 1003.55% rise in delivery volume, the stock continues to trade below its moving averages, suggesting ongoing challenges in regaining investor confidence.