Why is Syncom Formul. falling/rising?

As of 05-Jun, Syncom Formulations (India) Ltd is experiencing a price increase, with the current price at 21.18, reflecting a change of 0.35 or 1.68% upward. The stock has shown a trend reversal, gaining after three consecutive days of decline. Despite a recent drop in delivery volume by 28.49% against the 5-day average, the stock remains liquid enough for trading. Over the past year, it has generated an impressive return of 83.38%, significantly outperforming the BSE 500 index. The company has also reported strong financial performance, with a net profit growth of 36.08% and consistent positive results over the last four quarters, which has positively influenced investor sentiment.
In the broader market context, the stock's short-term performance over the past week shows a decline of 2.22%, while the benchmark Sensex has only decreased by 0.23%. This indicates that Syncom Formulations has underperformed relative to the market in the short term. However, its long-term performance remains robust, with a remarkable 1808.11% increase over the past five years, showcasing its ability to generate substantial returns compared to the benchmark's 137.53% increase during the same period. Overall, the combination of strong financial results and a recent upward price movement suggests a positive outlook for the stock, despite some short-term volatility.