Why is Acutaas Chemical falling/rising?

As of 17-Oct, Acutaas Chemicals Ltd is experiencing a price increase, currently at Rs. 1,650.00, reflecting a rise of Rs. 97.75 or 6.3%. The stock has reached a new 52-week high of Rs. 1,665 today and has outperformed its sector by 6.62%. Over the past three days, the stock has gained 10.26%, and it is trading above all key moving averages. Despite a slight decline in investor participation, with delivery volume down by 5.95%, the company’s strong fundamentals, including a low debt-to-equity ratio and significant growth in net sales and profits, support its upward movement. Additionally, high institutional holdings, which have increased by 4.52% over the previous quarter, indicate confidence from more sophisticated investors.
In the broader market context, Acutaas Chemicals has significantly outperformed the Sensex, with a 12.46% return over the past week compared to the benchmark's 1.76%. The stock's impressive long-term performance, generating 105.88% returns over the last year and 250.23% over three years, further underscores its strong market position. This consistent outperformance, coupled with positive quarterly results and healthy growth metrics, has contributed to the stock's rising price, despite its relatively high valuation compared to peers.