Why is Acutaas Chemical falling/rising?

As of 20-Oct, Acutaas Chemicals Ltd is experiencing a price increase, currently at Rs 1,787.75, reflecting a rise of 141.15 or 8.57%. The stock has recently hit a new 52-week high of Rs 1,865.25 and has outperformed its sector by 8.01%. Over the past four days, the stock has gained 19.46%, and it opened today with a gain of 2.57%. The stock's performance over various periods shows significant growth, with a year-to-date increase of 66.26% and a remarkable 125.44% rise over the past year. The company's low debt-to-equity ratio, strong growth in net sales and profits, and high institutional holdings further support the positive sentiment around the stock.
In the broader market context, Acutaas Chemicals has outperformed the Sensex, which has only increased by 2.47% over the past week, while the stock itself has surged by 19.44%. This substantial outperformance indicates strong investor confidence and market interest in Acutaas Chemicals, particularly given its healthy financial results and consistent positive performance over the last five quarters. However, it is worth noting that the stock is trading at a premium compared to its peers, which may pose a risk if valuations become too stretched. Overall, the combination of strong fundamentals and positive market sentiment is driving the stock's recent upward movement.