Why is Vinati Organics falling/rising?

As of 25-Aug, Vinati Organics Ltd's stock price is currently at Rs 1,703.40, reflecting an increase of Rs 29.35, or 1.75%. Today's performance indicates a trend reversal as the stock has gained after three consecutive days of decline, outperforming its sector by 2.12%. Despite this positive movement, the stock has underperformed in the longer term, with returns of -8.83% over the past month and -14.45% over the past year. The company exhibits high management efficiency with a return on equity (ROE) of 16.68% and a low debt-to-equity ratio of 0.01. However, concerns about poor long-term growth persist, as the operating profit has only grown at an annual rate of 13.67% over the last five years, and the stock is considered expensive with a price-to-book value of 6.3.
Broader market context shows that while Vinati Organics has seen a slight uptick today, it has consistently underperformed against the benchmark, with a return of -14.45% over the last year compared to the Sensex's gain of 0.68%. The stock's performance over the last three years has also been disappointing, with a decline of 23.93% versus a 38.90% increase in the benchmark. This consistent underperformance, coupled with flat results in June and low cash reserves, suggests that while there may be short-term gains, the long-term outlook remains challenging, contributing to investor caution.