Why is PCBL Chemical falling/rising?

As of 21-Jul, PCBL Chemical Ltd is experiencing a price increase, currently at Rs 423.40, reflecting a change of 3.75 (0.89%) upward. The stock has shown a trend reversal, gaining after two consecutive days of decline, and reached an intraday high of Rs 430, marking a 2.47% increase. Over the past week, the stock has risen by 2.02%, and over the past month, it has increased by 8.29%. Despite a year-to-date decline of 5.90%, the stock has generated a significant return of 53.46% over the past year, outperforming the BSE500 in each of the last three annual periods. Positive factors contributing to this rise include healthy long-term growth in net sales and operating profit, alongside increased participation from institutional investors, who now hold 15.75% of the company.
In the broader market context, while the Sensex has shown a slight decline of 0.06% over the past week and a 0.25% decrease over the past month, PCBL Chemical's performance stands out positively. The stock's recent gains come despite a decrease in investor participation, as indicated by a 36.1% drop in delivery volume compared to the five-day average. However, the stock's liquidity remains adequate for trading, and it is currently trading above all key moving averages, suggesting a strong technical position. Overall, the combination of institutional interest and consistent returns over the past three years supports the stock's upward movement, even as it faces challenges such as declining profits and reduced retail investor activity.