Why is Vinati Organics falling/rising?

As of 03-Sep, Vinati Organics Ltd is currently priced at Rs 1,716.70, reflecting an increase of Rs 16.9 or 0.99%. The stock has shown a positive trend recently, gaining 1.94% over the last two days, although it underperformed its sector by 0.37% today. Despite this short-term gain, the stock has experienced a decline of 4.14% over the past month and a significant drop of 11.18% over the last year. The company demonstrates high management efficiency with a return on equity (ROE) of 16.68% and maintains a low debt-to-equity ratio of 0.01. However, concerns about 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 6.4.
In the broader market context, Vinati Organics has underperformed against the benchmark, with a year-to-date return of -4.62% compared to the Sensex's positive return of 3.11%. The stock's performance over the last three years has also been disappointing, generating a return of -23.42% while the benchmark rose by 37.01%. This consistent underperformance, coupled with flat results in June and a significant drop in investor participation, suggests that while there may be short-term gains, the overall sentiment towards the stock remains cautious.