Why is PCBL Chemical falling/rising?

As of 19-Sep, PCBL Chemical Ltd's stock price is currently at 412.75, reflecting an increase of 24.1, or 6.2%. The stock has shown strong performance today, outperforming its sector by 1.52% and reaching an intraday high of Rs 424.9, which is a 9.33% increase. Over the past week, the stock has gained 7.29%, while its one-month return stands at 4.91%. Despite a year-to-date decline of 8.27% and a significant drop of 19.57% over the past year, the company has demonstrated strong fundamentals, including a healthy EBIT to Interest ratio of 10.16 and impressive long-term growth in net sales and operating profit. Additionally, institutional investors have increased their stake, indicating growing confidence in the company's prospects.
In the broader market context, PCBL Chemical's recent performance contrasts with the Sensex, which has only increased by 0.88% over the past week and 1.20% over the past month. While the stock has outperformed the benchmark in the short term, it has underperformed over the last year compared to the broader market, which saw a decline of just 0.67%. This discrepancy highlights the stock's volatility and the challenges it faces, despite positive indicators such as increasing institutional participation and a fair valuation compared to peers. The recent rise in price may reflect a market correction or renewed investor interest, but the overall negative trend over the past year remains a concern.