Why is Shankar Lal Ram. falling/rising?

As of 10-Jul, Shankar Lal Rampal Dye-Chem Ltd is experiencing a rise in its stock price, currently at Rs 79.38, which reflects an increase of Rs 1.88 or 2.43%. The stock has shown a positive performance today, outperforming its sector by 1.83%, and has gained consecutively over the last two days, with a total return of 3.16% during this period. Additionally, the stock is trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a strong upward trend. The company has also reported positive financial results over the last four quarters, with net sales growing by 28.04% and profit after tax increasing by 30.27%. However, it is important to note that the stock has underperformed against the benchmark over the past year, with a return of -26.09%.
In the broader market context, while Shankar Lal Rampal Dye-Chem Ltd has shown a significant increase of 26.72% over the past month, it has still lagged behind the benchmark index, which has only increased by 0.97% during the same period. This short-term outperformance contrasts with the company's long-term challenges, including a consistent underperformance against the benchmark over the last three years and a poor annual growth rate of operating profit at 8.03% over the past five years. The stock's valuation is considered expensive relative to its peers, which may impact investor sentiment despite the recent positive price movement.