Why is Vinyl Chemicals falling/rising?

As of 05-Aug, Vinyl Chemicals (I) Ltd is experiencing a price increase, with the current price at Rs 284.00, reflecting a rise of Rs 3.55 or 1.27%. Today's price summary indicates that the stock has outperformed its sector by 0.36% and has shown a trend reversal by gaining after three consecutive days of decline. The stock opened with a gain of 2.83% today and reached an intraday high of Rs 288.5. However, it is important to note that Vinyl Chemicals is currently trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages. Additionally, there has been a notable increase in investor participation, with delivery volume rising by 16.84% against the 5-day average. Unfortunately, the positive and negative factors dashboard is unavailable, which limits further insights into the underlying reasons for the stock's recent movement.
In the broader market context, Vinyl Chemicals has underperformed compared to the benchmark Sensex over various periods, including a 1-week decline of 3.40% versus the Sensex's 0.77% decline, and a year-to-date drop of 17.68% compared to the Sensex's gain of 3.29%. This suggests that while the stock is experiencing a short-term rebound, it has faced significant challenges in the longer term relative to the broader market. The recent uptick in price may be a response to improved trading activity and a potential shift in investor sentiment, but the overall trend remains concerning when viewed against the benchmark's performance.