Why is Primo Chemicals falling/rising?

As of 03-Jul, Primo Chemicals Ltd is experiencing a price increase, with its current price at 26.75, reflecting a rise of 0.85 or 3.28%. The stock has outperformed its sector today by 3.31%, and it is currently trading above its 5-day, 20-day, 50-day, and 100-day moving averages, although it remains below its 200-day moving average. Despite a significant decline in investor participation, as evidenced by a 40.77% drop in delivery volume compared to the 5-day average, the company has reported very positive results over the last three quarters, including a 21.28% growth in operating profit and a PAT of Rs 1.88 crore. The stock is trading at a discount compared to its peers, and despite a year-to-date decline of 27.94%, its profits have increased by 114.1%, indicating a potentially attractive valuation.
In the broader market context, the stock's short-term return of 2.73% over the past week contrasts with the Sensex, which has declined by 0.62% during the same period. While the stock has faced significant declines over the longer term, including a 32.02% drop over the past year, the recent positive financial performance and attractive valuation metrics may be contributing to the current upward movement in its price. The overall market sentiment appears to be more favorable towards Primo Chemicals Ltd in the short term, as indicated by its outperformance against the benchmark.