Why is Sh. Hari Chem. falling/rising?

As of 20-Aug, Shree Hari Chemicals Export Ltd's stock price is currently at Rs 112.40, reflecting an increase of Rs 11.9 or 11.84%. Today's performance indicates a trend reversal as the stock has gained after four consecutive days of decline. The stock has outperformed its sector by 12.04% today, reaching an intraday high of Rs 112.45. Despite this positive movement, the stock has shown a negative return of -15.81% over the past month and -19.43% year-to-date, although it has generated a substantial return of 49.87% over the past year. The company's attractive valuation, indicated by a ROCE of 14.7 and a PEG ratio of 0.4, suggests it is trading at a discount compared to its peers, which may have contributed to the recent price increase. In the broader market context, the stock's short-term performance has been underwhelming compared to the benchmark, with a -3.44% return over the past week, while the Sensex has gained 1.64%. Despite the recent volatility and operating losses reported in June, the stock's ability to generate significant returns over the past year highlights its market-beating performance, even as the broader market (BSE500) has seen negative returns of -1.20%. The increase in investor participation, with a notable rise in delivery volume, may indicate growing confidence among investors, which could be supporting the stock's recent upward movement.