Why is Unichem Labs. falling/rising?

As of 18-Sep, Unichem Laboratories Ltd is experiencing a price increase, currently at Rs 508.80, reflecting a rise of Rs 9.5 or 1.9%. Today's performance indicates that the stock has outperformed its sector by 0.85% and has gained after three consecutive days of decline, reaching an intraday high of Rs 514.8. However, despite this positive movement, the stock has shown a negative return of -0.62% over the past month and a significant decline of -30.78% year-to-date. The company has a low Debt to Equity ratio of 0.05 times and an attractive valuation with a PEG ratio of 0, suggesting that it is trading at a discount compared to its peers. Nonetheless, the company faces challenges such as poor management efficiency, indicated by a low Return on Equity (ROE) of 1.64%, and a recent flat performance in its quarterly results, which may hinder sustained growth.
In the broader market context, Unichem Laboratories Ltd's short-term return of +2.41% over the past week outpaces the Sensex's return of +1.80%, indicating a relatively stronger performance in the immediate term. However, the stock's long-term performance remains concerning, with a -21.74% return over the past year, underperforming the BSE500 index. The falling investor participation, with a delivery volume decrease of -26.96% against the five-day average, suggests a lack of confidence among investors, which could impact future price movements. Overall, while the recent uptick in price may provide a temporary boost, the underlying issues and long-term performance trends present significant challenges for the stock.