Why is Vipul Organics falling/rising?

As of 23-Jul, Vipul Organics Ltd is experiencing a price increase, currently at 218.00, reflecting a change of 2.95 or 1.37% upward. The stock has shown a trend reversal by gaining after three consecutive days of decline. Despite a recent drop in delivery volume by 41.78% against the 5-day average, the stock has outperformed its sector by 2.23% today. Over the past year, Vipul Organics has generated a substantial return of 46.45%, significantly outperforming the BSE500 index in the long term, with a 1-year return of 11.85% compared to the benchmark's 5.87%.
In the broader market context, the stock's performance over the past week shows a decline of 2.24%, while the Sensex has increased by 0.11%. This indicates that, although Vipul Organics is currently rising, it has faced short-term challenges compared to the benchmark. However, its strong long-term performance, particularly over the last three years with a return of 65.95%, suggests resilience and investor confidence, particularly given that the majority shareholders are promoters. Overall, the combination of recent price gains and strong historical performance contributes to a positive outlook for the stock despite recent volatility.