Why is Vinati Organics falling/rising?

As of 16-Jul, Vinati Organics Ltd is experiencing a price increase, currently valued at Rs 1,973.65, reflecting a rise of Rs 21.5 or 1.1%. The stock has shown positive momentum, gaining for the last three consecutive days with a total return of 2.31% during this period. It has outperformed its sector by 1.25% today and reached an intraday high of Rs 1,995. However, there is a noted decline in investor participation, with delivery volume falling by 15.94% against the five-day average. Despite this, the company boasts a high management efficiency with a return on equity (ROE) of 16.68% and a low debt-to-equity ratio, which are positive indicators for its financial health.
In the broader market context, Vinati Organics has outperformed the Sensex over the past month, with a return of 4.96% compared to the benchmark's 1.02%. However, over the last three years, the stock has underperformed significantly, declining by 6.17% while the Sensex has risen by 53.71%. This disparity highlights the challenges the company faces in achieving long-term growth, as indicated by its operating profit growth rate of only 12.30% over the past five years. Additionally, while the stock is trading at a discount compared to its peers, its high price-to-book value suggests it may be overvalued, which could impact future investor sentiment.