Why is Primo Chemicals falling/rising?

As of 11-Aug, Primo Chemicals Ltd is experiencing a slight increase in its stock price, currently at 27.26, reflecting a change of 0.17 or 0.63% upward. Despite this positive movement today, the stock has underperformed its sector by 0.41%. Over the past week, it has seen a decline of 1.23%, while in the last month, it has risen by 5.95%. However, the stock's year-to-date performance shows a significant drop of 26.56%. The company has reported positive financial results, including a 21.28% growth in operating profit and a higher profit after tax of Rs 1.88 crore over the last six months. Despite these positive indicators, the stock's delivery volume has decreased by 34.61% compared to the five-day average, suggesting falling investor participation.
In the broader market context, the Sensex has shown a minor decline of 0.51% over the past week, indicating a relatively stable market environment. While Primo Chemicals has outperformed the benchmark in the last month, its year-over-year performance remains concerning with a decline of 38.42%, contrasting sharply with the Sensex's modest gain of 1.13%. The stock is trading at a discount compared to its peers, which may attract some investors, but the overall negative sentiment reflected in its long-term performance and declining liquidity could be contributing to cautious trading behavior.