Why is SPIC falling/rising?

As of 24-Sep, Southern Petrochemical Industries Corporation Ltd. has seen its stock price rise to 96.55, reflecting an increase of 0.35 (0.36%). The stock has recently experienced a trend reversal, gaining after 14 consecutive days of decline. Despite this upward movement, the stock's performance over the past week shows a decline of 7.07%, while it has outperformed the sector today. It is noteworthy that the stock's delivery volume has decreased by 31.6% against the 5-day average, indicating falling investor participation. However, the company's strong fundamentals, such as a low Debt to EBITDA ratio of 1.18 times and an annual operating profit growth rate of 31.47%, support its valuation. Additionally, institutional investors have increased their stake, which may contribute to positive sentiment around the stock.
In the broader market context, the stock's performance over the past month has been a decline of 12.61%, contrasting with a slight increase of 0.50% in the Sensex. While the stock has shown strong long-term performance, generating a 31.70% return year-to-date compared to the Sensex's 4.58%, its recent short-term struggles highlight a divergence from the benchmark. The stock's ability to maintain liquidity and its attractive valuation compared to peers may provide a cushion against broader market fluctuations, but the recent drop in delivery volume suggests caution among retail investors.