Why is Pratiksha Chem. falling/rising?

As of 23-Sep, Pratiksha Chemicals Ltd is experiencing a price increase, currently at 19.44, reflecting a change of 0.24 or 1.25% upward. The stock has shown a positive trend recently, gaining for three consecutive days with a total return of 4.07% during this period. Although the stock is currently outperforming its sector by 1.23%, it has a mixed performance when viewed over longer periods, with a 1-week return of +2.80% compared to a -0.34% decline in the Sensex. However, it has seen a significant decline of 19.00% year-to-date and 48.16% over the last three years. The delivery volume has notably decreased by 90.19% against the 5-day average, indicating falling investor participation, which could be a concern for future price stability.
In the broader market context, while Pratiksha Chemicals has outperformed the Sensex in the short term, its longer-term performance is concerning, particularly with a year-to-date decline significantly worse than the benchmark's gain of 5.07%. The stock's current price movement suggests some recovery, but the substantial drop in delivery volume indicates that investor interest may be waning, which could hinder sustained upward momentum. Overall, the stock's recent gains are juxtaposed against a backdrop of long-term underperformance relative to the market, highlighting the volatility and potential risks associated with investing in Pratiksha Chemicals Ltd.