Why is Shankar Lal Ram. falling/rising?

As of 01-Jul, Shankar Lal Rampal Dye-Chem Ltd is currently priced at 81.73, reflecting an increase of 0.26 (0.32%). The stock has shown positive momentum, gaining for the last two days with a total return of 2.11% during this period. It has outperformed its sector by 1.18% today and is trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages. Despite these positive indicators, the stock has a mixed performance over longer periods, with a year-to-date decline of 4.84% and a one-year drop of 24.64%. The company has reported positive results over the last four quarters, with a significant growth in profit after tax and net sales, but it also faces challenges such as poor long-term growth and a high valuation compared to peers, which may affect investor sentiment.
In the broader market context, Shankar Lal Rampal Dye-Chem Ltd has outperformed the Sensex in the short term, with a 1-week return of 13.28% compared to the Sensex's 2.00%. However, the stock's long-term performance remains concerning, as it has underperformed the benchmark over the past three years, with a staggering decline of 46.61%. The lack of investment from domestic mutual funds, which hold 0% of the company, suggests a lack of confidence in its valuation or business prospects. Overall, while the stock is experiencing a short-term rise, its long-term outlook remains uncertain due to consistent underperformance and high valuation concerns.