Why is Polychem falling/rising?

As of 23-Sep, Polychem Ltd's stock price is currently at 2,565.00, reflecting an increase of 10.15 (0.4%). The stock has been gaining for the last four days, resulting in a total return of 5.06% during this period. However, it opened the day with a loss of 2.88% and touched an intraday low of Rs 2,481.2. Despite this, the stock has outperformed its sector by 0.96%. In terms of longer-term performance, the stock has seen a 3.85% increase over the past week, although it has declined by 8.09% over the past month and 22.56% over the past year. There is a notable decline in investor participation, with delivery volume falling by 87.07% against the 5-day average, indicating a potential lack of confidence among investors.
Broader Market Context: In comparison to the benchmark Sensex, which has experienced a slight decline of 0.34% over the past week, Polychem's recent performance has been relatively strong. However, over the longer term, the stock's year-to-date performance shows a decline of 3.02%, while the Sensex has gained 5.07%. This suggests that while Polychem has had some short-term gains, its overall performance remains under pressure compared to the broader market. The stock's moving averages indicate it is performing better than several longer-term averages, but it is still below the 20-day moving average, which may signal mixed investor sentiment.