Why is Acutaas Chemical falling/rising?

As of 21-Aug, Acutaas Chemicals Ltd is experiencing a price increase, currently at 1,404.20, reflecting a rise of 9.1 or 0.65%. The stock has reached a new 52-week high of Rs.1418.6 today and has outperformed its sector by 0.63%. Over the past week, the stock has risen by 8.04%, and in the last month, it has shown a significant increase of 17.97%. The company's strong performance is supported by a low debt-to-equity ratio of 0.06, consistent positive results over the last four quarters, and a robust annual growth rate in net sales of 27.77%. Additionally, high institutional holdings at 39.33%, which have increased by 4.52% over the previous quarter, indicate strong investor confidence in the company's fundamentals.
In the broader market context, Acutaas Chemicals has significantly outperformed the Sensex, which has only increased by 1.74% over the past week and has declined by 0.24% over the past month. The stock's year-to-date return of 30.59% and a remarkable 114.23% return over the past year further highlight its strong market position compared to the benchmark's 4.94% increase. This performance, combined with rising investor participation and liquidity, suggests that the stock is attracting attention and confidence from investors, contributing to its upward price movement.