Why is Sh. Hari Chem. falling/rising?

As of 24-Sep, Shree Hari Chemicals Export Ltd is experiencing a price increase, currently at Rs 107.50, reflecting a rise of Rs 7.05 or 7.02%. Today's performance indicates that the stock has outperformed its sector by 7.51%, reaching an intraday high of Rs 107.50. Over the past week, the stock has shown a positive return of 10.71%, contrasting with its one-month performance, which is down by 3.50%. Despite a year-to-date decline of 22.94%, the stock has generated a 6.07% return over the past year, while profits have increased by 38.9%. The company has a very attractive valuation with a ROCE of 14.7, and it is trading at a discount compared to its peers. However, it is important to note that the company has reported operating losses, which raises concerns about its long-term fundamental strength.
In the broader market context, the stock's recent performance stands out against the benchmark, as the BSE500 has recorded a negative return of -5.32% over the past year. This indicates that Shree Hari Chemicals has managed to achieve positive returns despite a generally declining market. The rising investor participation, with a 37.69% increase in delivery volume, suggests growing interest in the stock, which could be contributing to its upward price movement. However, the stock's performance is still below its longer-term moving averages, indicating potential volatility ahead.