Why is Styrenix Perfor. falling/rising?

As of 17-Sep, Styrenix Performance Materials Ltd is experiencing a price increase, currently at Rs 2,588.00, reflecting a rise of 31.45 points or 1.23%. Today's performance indicates a trend reversal as the stock has gained after four consecutive days of decline. It has outperformed its sector by 1.84% and reached an intraday high of Rs 2,610.35. However, it is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages. Despite a year-to-date decline of 10.86%, the stock has shown resilience with a 7.52% return over the past year, supported by strong management efficiency, a low debt-to-equity ratio, and healthy long-term growth in operating profit.
In the broader market context, the stock's recent performance contrasts with the Sensex, which has gained 1.56% over the past week, indicating that Styrenix has underperformed in the short term. However, the stock's long-term performance remains robust, with a remarkable 187.59% increase over the past three years, significantly outperforming the benchmark's 40.54% return. The positive factors, such as a high return on equity and consistent returns over the last three years, contribute to a fair valuation despite the recent volatility. The rising investor participation, evidenced by a 110.27% increase in delivery volume, suggests growing interest, which may support the stock's upward movement.