Why is Primo Chemicals falling/rising?

As of 14-Aug, Primo Chemicals Ltd is currently priced at 27.85, reflecting a decrease of 0.15, or 0.54%. The stock has recently underperformed its sector by 0.59% and has experienced a trend reversal, falling after three consecutive days of gains. In terms of performance, the stock has shown a 1.64% increase over the past week and a 7.16% increase over the past month, although it has significantly underperformed year-to-date with a decline of 24.97%. Despite these recent gains, the stock's long-term performance remains concerning, with a 28.74% drop over the past year and a staggering 63.52% decline over the past three years. Positive factors include a growth in operating profit of 21.28% and consistent positive results over the last three quarters, which may support the stock's valuation despite its recent price drop.
In the broader market context, the Sensex has shown a slight decline of 0.03% over the past week and a more substantial drop of 2.01% over the past month, indicating that the market environment is somewhat challenging. While Primo Chemicals has outperformed the benchmark in the short term, the overall negative trend in the stock's long-term performance contrasts sharply with the Sensex's 3.15% gain year-to-date. This divergence suggests that while there may be some positive developments within the company, broader market conditions and investor sentiment may be contributing to the stock's recent decline.