Why is Rel. Chemotex falling/rising?

As of 16-September, Reliance Chemotex Industries Ltd is experiencing a price increase, currently at 165.85, reflecting a rise of 3.45 or 2.12%. The stock has shown a positive trend recently, gaining for three consecutive days with a total return of 3.08% during this period. It outperformed its sector by 0.67% today and reached an intraday high of Rs 169.6, which is a 4.43% increase. However, despite these short-term gains, the stock has a negative performance over the past month, down 5.20%, and a significant decline year-to-date of 21.02%. Additionally, there has been a notable decrease in investor participation, with delivery volume falling by 33.91% against the five-day average, indicating potential concerns about sustained interest in the stock.
Broader Market Context: In comparison to the benchmark Sensex, Reliance Chemotex's short-term return of 2.44% over the past week has outperformed the Sensex's return of 1.58%. However, the stock's longer-term performance remains concerning, as it has underperformed the benchmark significantly over the past month and year. The broader market context shows that while the stock has recently gained, its overall trend is negative, with a year-to-date decline that contrasts sharply with the Sensex's positive return of 5.43% during the same period. This suggests that while there may be short-term optimism, the stock's long-term outlook remains challenged.