Why is Shalimar Paints falling/rising?

As of 18-Sep, Shalimar Paints Ltd. is experiencing a significant rise in its stock price, currently at Rs 84.18, reflecting an increase of Rs 10.73 or 14.61%. The stock has outperformed its sector by 14.85% today and has shown consecutive gains over the last two days, achieving a total return of 15%. Despite this positive movement, the stock has a year-to-date decline of 33.79% and a one-year decline of 41.32%, indicating a challenging longer-term performance. The stock has also demonstrated high volatility today, with an intraday volatility of 7.09%, and has traded within a wide range of Rs 15.55. However, there has been a notable decrease in investor participation, with delivery volume falling by 25.11% compared to the five-day average.
In the broader market context, Shalimar Paints' short-term performance has significantly outpaced the benchmark Sensex, which has only risen by 1.80% over the past week. This stark contrast highlights the stock's recent recovery relative to the market. However, the stock's longer-term performance remains concerning, as it has underperformed the Sensex over one year and three years. The liquidity of the stock appears adequate for trading, but the declining delivery volume suggests potential caution among investors. Overall, while the stock is currently rising, its historical performance and reduced investor engagement may temper optimism.