Why is Acutaas Chemical falling/rising?

As of 31-Jul, Acutaas Chemicals Ltd's stock price is rising, currently at Rs 1,329.10, reflecting an increase of Rs 113.1 or 9.3%. The stock has recently hit a new 52-week high of Rs 1,345 and has outperformed its sector by 10.36%. Over the last three days, it has gained 16.59%, despite opening with a loss of 5.83% today. The stock has shown strong performance over various periods, with a 1-year return of 97.34% and a year-to-date increase of 23.61%. Positive factors contributing to this rise include a low debt-to-equity ratio, consistent growth in net sales and operating profit, and strong institutional holdings, which have increased by 4.52% over the previous quarter.
In the broader market context, Acutaas Chemicals has significantly outperformed the Sensex, which has declined by 1.22% over the past week and 3.00% over the past month, while Acutaas has risen by 11.97% and 18.41%, respectively. This strong performance indicates that investor confidence in Acutaas is robust, particularly given its healthy financial results and growth metrics. The stock's high volatility and increased trading volume suggest active investor participation, further supporting its upward movement despite the initial dip today.