Why is Punjab Chemicals falling/rising?

As of 15-Jul, Punjab Chemicals & Crop Protection Ltd is experiencing a price increase, with the current price at Rs 1,301.00, reflecting a rise of Rs 37.8 or 2.99%. The stock has shown strong performance recently, gaining 9.01% over the last two days and outperforming its sector by 0.63%. Despite opening lower today with a loss of 3.81%, it reached an intraday high of Rs 1,316.1, indicating volatility but overall positive momentum. The stock has outperformed the Sensex over the past week and month, with returns of 12.16% and 19.03%, respectively. However, it has faced challenges over the past year, with a decline of 8.38% in returns and a significant drop in profits by 22.1%. The company maintains a strong ability to service debt, reflected in its low Debt to EBITDA ratio of 0.90 times, and is trading at a discount compared to its peers, suggesting potential for recovery.
In the broader market context, while Punjab Chemicals has shown robust short-term performance, the Sensex has declined by 1.36% over the past week and increased by only 1.79% over the past month. This indicates that the stock's rise is occurring in a generally unfavorable market environment for the benchmark index. The Pesticides & Agrochemicals sector has also gained by 2.27%, contributing positively to the stock's performance. The rising investor participation, evidenced by a significant increase in delivery volume, further supports the stock's upward movement, suggesting growing confidence among investors despite the stock's longer-term challenges.