Why is Rel. Chemotex falling/rising?

As of 23-Sep, Reliance Chemotex Industries Ltd is currently priced at 161.40, reflecting a slight increase of 0.5 (0.31%). The stock has shown a positive performance today, outperforming its sector by 0.93% and has been gaining for the last two days, with a total return of 0.88% during this period. However, it is important to note that the stock has underperformed in the longer term, with a year-to-date decline of 23.14% compared to a 5.07% increase in the benchmark. Additionally, the stock is trading below its moving averages across various time frames, indicating a potential bearish trend. There is a notable increase in investor participation, with delivery volume rising by 17.71% against the 5-day average, which may suggest growing interest despite the overall negative performance.
In the broader market context, the stock's short-term performance contrasts with the benchmark, as it has declined by 2.68% over the past week while the Sensex has only fallen by 0.34%. This indicates that Reliance Chemotex is facing more significant challenges compared to the overall market. Over the past month, the stock has also decreased by 5.11%, while the Sensex has gained 0.98%, further highlighting its underperformance. The liquidity of the stock appears adequate for trading, but the persistent decline in its longer-term returns compared to the benchmark suggests that investors may be cautious about its future prospects.