Why is Poddar Pigments falling/rising?

As of 26-Jun, Poddar Pigments Ltd. is currently priced at 322.90, reflecting a slight increase of 0.75 (0.23%). The stock has been on a positive trajectory, gaining for the last three days with a total return of 9.83% during this period. It has outperformed its sector by 0.43% today, and the delivery volume has significantly increased by 542.01% compared to the 5-day average, indicating rising investor participation. However, despite this recent uptick, the stock has underperformed over the longer term, with a year-to-date return of -10.87% and a one-year return of -30.24%. The company has a low Debt to Equity ratio and an attractive valuation with a Price to Book Value of 0.9, but its profits have declined by 20.9% over the past year, contributing to its overall negative performance.
In the broader market context, Poddar Pigments has shown a short-term return of +7.90% over the past week, which is significantly higher than the Sensex's return of +2.94% during the same period. However, the stock's long-term performance has been disappointing, especially when compared to the BSE 500, which has generated a return of 4.11% over the last year. This stark contrast highlights the challenges the company faces, including a poor long-term growth outlook and negative financial results, which have led to its substantial underperformance relative to the market.