Why is Primo Chemicals falling/rising?

As of 29-Jul, Primo Chemicals Ltd is currently priced at 27.62, reflecting a slight increase of 0.04 or 0.15%. The stock has shown a trend reversal, gaining after two consecutive days of decline. It has outperformed its sector by 1.72% today, although it is experiencing a decrease in investor participation, with delivery volume falling by 39.12% against the 5-day average. Over the past week, the stock has increased by 0.07%, while it has performed significantly better over the past month with a return of 7.35%. Despite a year-to-date decline of 25.59%, the company has reported strong financial results, including a 21.28% growth in operating profit and a 123.21% increase in profit after tax over the last six months, which may contribute positively to investor sentiment.
In the broader market context, the stock's recent performance contrasts with the Sensex, which has declined by 1.03% over the past week and 3.24% over the past month. This suggests that while the stock is experiencing a minor rise, it is doing so against a backdrop of a generally declining market. The stock's attractive valuation, trading at a discount compared to its peers, along with consistent positive financial results, may provide a buffer against broader market trends. However, the significant year-to-date decline of 25.59% indicates that investors remain cautious, despite the company's improved profitability metrics.