Why is Tata Chemicals falling/rising?

As of 19-Sep, Tata Chemicals Ltd. is experiencing a price increase, currently at 994.45, reflecting a change of 5.25 (0.53%) upward. The stock is trading higher than its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a positive trend. However, it has underperformed its sector by 1.8%. Over the past week, the stock has gained 3.28%, while in the past month, it has risen by 5.08%. Despite these short-term gains, the stock has seen a decline of 5.24% year-to-date and a 2.68% drop over the past year, with profits falling significantly by 43.1%. The recent positive quarterly results, which include the highest operating profit to interest ratio and a strong operating profit to net sales ratio, may have contributed to the current upward movement. Additionally, high institutional holdings at 35.49% suggest confidence from larger investors, which can positively influence retail investor sentiment.
In the broader market context, Tata Chemicals has outperformed the Sensex in the short term, with a 1-week return of 3.28% compared to the Sensex's 0.88%. However, the stock's year-to-date performance is notably weaker than the benchmark, which has gained 5.74%. The recent decline in delivery volume by 42.27% against the 5-day average indicates a potential decrease in investor participation, which could pose a risk to sustained price increases. Despite the stock's attractive valuation compared to peers and positive recent results, the overall market sentiment and declining participation may temper the stock's upward momentum moving forward.