Why is Shivalik Rasayan falling/rising?

As of 12-Aug, Shivalik Rasayan Ltd's stock price is currently at Rs 560.30, reflecting an increase of Rs 11.25, or 2.05%. The stock has shown a positive trend recently, gaining for the last two days with a total return of 2.18%. It outperformed its sector by 2.87% today and reached an intraday high of Rs 579.8, marking a rise of 5.6%. Despite a year-to-date decline of 26.84%, the stock has performed better over the past month, with a return of 6.50%. Additionally, there has been a notable increase in investor participation, with delivery volume rising by 65.64% compared to the 5-day average, indicating growing interest in the stock. Unfortunately, the positive and negative factors dashboard is not available to provide further insights into the stock's recent movement.
In the broader market context, Shivalik Rasayan's short-term performance has been favorable compared to the benchmark, as it has outperformed the Sensex by 3.99% over the past week, where the stock declined by 3.40% while the Sensex fell only 0.59%. This suggests that despite the stock's overall year-to-date struggles, its recent gains indicate a potential recovery phase, particularly in the short term. The stock's liquidity appears adequate for trading, which may also contribute to its rising price as investors feel more confident in executing trades.