Why is Sonal Adhesives falling/rising?

As of 15-Sep, Sonal Adhesives Ltd is experiencing a price increase, currently at Rs 52.16, reflecting a change of 0.92 or 1.8% upward. The stock has shown positive momentum, gaining 3.51% over the last two days and outperforming its sector by 2.42% today. It opened with a gain of 3.42% and reached an intraday high of Rs 52.99. However, the stock's performance over the past year has been disappointing, with a return of -29.99%, and it has underperformed against the BSE500 in both the short and long term. Despite a healthy long-term growth rate in net sales of 35.49% and an attractive valuation, the stock's profits have declined by 11.7%, contributing to its recent volatility.
In the broader market context, the stock's short-term return of +7.86% over the past week significantly outpaces the Sensex's return of +1.24%, indicating strong relative performance. However, the stock's year-to-date performance remains concerning, with a decline of -19.75% compared to the Sensex's gain of +4.67%. The falling investor participation, as evidenced by a 77.32% drop in delivery volume, suggests a lack of confidence among investors, which could hinder further price recovery despite the recent gains. Overall, while there are positive indicators for Sonal Adhesives Ltd, the broader market performance and declining investor interest present challenges for sustained growth.