Why is Acutaas Chemical falling/rising?

As of 22-Aug, Acutaas Chemicals Ltd is experiencing a rise in its stock price, currently at Rs 1,420.80, reflecting an increase of Rs 16.6 or 1.18%. The stock has recently hit a new 52-week high of Rs 1,430.95 and has outperformed its sector by 0.49%. Over the past week, it has gained 9.32%, and in the last month, it has surged by 20.29%. The company has shown strong financial performance, with net sales growing at an annual rate of 27.77% and positive results for the last four consecutive quarters. Additionally, the low debt-to-equity ratio of 0.06 times and high institutional holdings at 39.33% indicate strong investor confidence, contributing to the stock's upward movement.
In the broader market context, Acutaas Chemicals has significantly outperformed the Sensex, which has only increased by 0.88% over the past week. The stock's year-to-date return stands at 32.14%, compared to the Sensex's 4.05%, and it has generated a remarkable 115.75% return over the past year against the Sensex's minimal gain of 0.31%. Despite a recent decline in investor participation, as indicated by a 12.21% drop in delivery volume, the stock's liquidity remains adequate for trading. Overall, the combination of strong financial growth, institutional support, and market-beating performance has driven the stock's price rise.