Why is Acutaas Chemical falling/rising?

As of 16-Jul, Acutaas Chemicals Ltd is experiencing a price increase, with the current price at Rs 1,215.00, reflecting a rise of Rs 25.95 or 2.18%. The stock has shown strong performance recently, gaining 10.58% over the last six days and outperforming its sector by 2.33% today. It reached an intraday high of Rs 1,232, and is trading above all key moving averages, indicating positive momentum. Additionally, the stock has generated impressive returns of 80.40% over the past year, significantly outpacing the broader market's performance.
In the broader market context, Acutaas Chemicals' short-term return of 7.91% over the past week contrasts sharply with the Sensex, which has declined by 1.08%. This divergence highlights the stock's strong market position and investor confidence, bolstered by healthy financial metrics such as a 38% growth in net profit and consistent positive results over the last three quarters. The company's low debt-to-equity ratio and high institutional holdings further support its favorable outlook, despite concerns regarding its valuation metrics. Overall, the combination of strong financial performance and positive market sentiment has contributed to the stock's rising price.