Why is Primo Chemicals falling/rising?

As of 07-Nov, Primo Chemicals Ltd is currently priced at 22.80, reflecting an increase of 0.22 or 0.97%. The stock has shown a trend reversal by gaining after three consecutive days of decline. Despite this recent uptick, it is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a generally bearish trend. In terms of performance, the stock has outperformed its sector by 0.93% today, and there has been a significant rise in investor participation, with delivery volume increasing by 128.94% compared to the 5-day average. However, the stock has experienced substantial declines over longer periods, with a year-to-date drop of 38.58% and a one-year decline of 45.87%, suggesting ongoing challenges.
In the broader market context, the stock's short-term performance over the past week shows a decline of 3.18%, while the benchmark Sensex has only decreased by 0.86%. This indicates that Primo Chemicals has underperformed relative to the market in the short term. Over the past month, the stock has fallen by 4.56%, contrasting with the Sensex's gain of 1.57%. The significant disparity in returns over various periods highlights the stock's struggles compared to the overall market, which has seen positive movement.