Why is Punjab Chemicals falling/rising?

As of 30-Jun, Punjab Chemicals & Crop Protection Ltd is experiencing a price increase, currently at Rs 1,276.00, reflecting a rise of Rs 40.5 or 3.28%. The stock has shown strong performance today, outperforming its sector by 1.99% and reaching an intraday high of Rs 1,280, which is a 3.6% increase. Over the past week, the stock has gained 10.67%, and year-to-date, it has risen by 19.25%, indicating a positive trend despite a 10.04% decline over the past year. The stock is trading above its moving averages, which suggests bullish momentum. However, there is a noted decline in investor participation, with delivery volume falling by 30.57% against the 5-day average. The company maintains a low Debt to EBITDA ratio of 0.90 times, indicating a strong ability to service debt, and its fair valuation suggests it is trading at a discount compared to peers.
In the broader market context, Punjab Chemicals has significantly outperformed the Sensex, which has only risen by 2.09% over the past week and 7.00% year-to-date. This contrast highlights the stock's strong short-term performance relative to the benchmark. While the stock's recent gains are encouraging, the negative factor of a 22.1% decline in profits over the past year raises concerns about its long-term sustainability. Despite these challenges, the stock's liquidity remains adequate for trading, suggesting that there is still interest among investors.