Why is Veljan Denison falling/rising?

As of 01-Aug, Veljan Denison Ltd's stock price is currently at 1,152.00, reflecting an increase of 4.05 (0.35%). Today's performance indicates a positive trend as the stock has outperformed its sector by 2.45% and has gained after two consecutive days of decline. The stock reached an intraday high of Rs 1173.5, showing a rise of 2.23%. However, over the past week, the stock has decreased by 2.37%, and over the past month, it has fallen by 6.66%. Despite these short-term declines, the company maintains a low debt-to-equity ratio, which is favorable and may contribute to investor confidence.
In the broader market context, the Sensex has also experienced a decline of 1.06% over the past week and 3.70% over the past month, indicating that while Veljan Denison's stock is underperforming in the longer term, it is currently showing resilience compared to the benchmark. Year-to-date, Veljan Denison's stock has decreased by 3.86%, contrasting with the Sensex's gain of 3.15%. This suggests that despite the stock's recent upward movement, it still faces challenges in the context of broader market trends.