Why is Sonal Adhesives falling/rising?

As of 19-Sep, Sonal Adhesives Ltd is currently priced at 51.99, reflecting an increase of 0.49 or 0.95%. The stock has been gaining for the last two days, with a total return of 2.73% during this period. It has outperformed its sector by 1.61% today. However, despite these short-term gains, the stock has shown significant underperformance over the longer term, with a year-to-date decline of 20.02% and a one-year return of -28.23%. The stock's liquidity appears adequate, but there has been a notable drop in investor participation, with delivery volume falling by 93.54% against the five-day average. While the company has demonstrated healthy long-term growth with net sales increasing at an annual rate of 35.49%, its profits have decreased by 11.7%, contributing to the stock's recent volatility.
In the broader market context, Sonal Adhesives has outperformed the Sensex over the past week and month, with returns of 1.46% and 7.51%, respectively, compared to the benchmark's 0.88% and 1.20%. However, the stock has consistently underperformed against the benchmark over the last three years, which may weigh on investor sentiment. The stock is currently trading at a discount relative to its peers, which could attract some investors looking for value, but the flat results reported in June and the overall negative trend in returns may deter others. Thus, while there are some positive indicators, the stock's long-term underperformance and recent profit declines suggest a cautious outlook.