Why is Primo Chemicals falling/rising?

As of 13-Aug, Primo Chemicals Ltd is experiencing a price increase, with its current price at 28.00, reflecting a rise of 0.31 or 1.12%. The stock has shown a positive trend recently, gaining 3.36% over the last three days, although it underperformed its sector by 0.86% today. In the past week, the stock has increased by 4.99%, while over the past month, it has risen by 8.82%. Despite these gains, the stock's year-to-date performance remains negative at -24.57%, and it has underperformed significantly over the past year and three years. Positive factors contributing to the stock's recent movement include a growth in operating profit of 21.28% and consistent positive results over the last three quarters, with a notable increase in net sales and operating profit to interest ratio.
In the broader market context, the stock's short-term performance is favorable compared to the Sensex, which has remained flat at -0.01% over the past week. However, the chemicals sector has gained by 2.06%, indicating that while Primo Chemicals is rising, it is not keeping pace with its sector. The decline in investor participation, as evidenced by a 15.9% drop in delivery volume against the five-day average, may pose a concern for future price stability. Overall, while the stock is currently rising, its long-term performance remains under pressure, and the market dynamics suggest a cautious outlook.