Why is Acutaas Chemical falling/rising?

As of 03-Nov, Acutaas Chemicals Ltd is experiencing a price increase, currently at Rs 1,811.80, reflecting a rise of Rs 88.0 or 5.11%. The stock has shown strong performance today, outperforming its sector by 3.95% and has been on a consecutive gain streak for the last three days, accumulating a total return of 7.21% during this period. Additionally, the stock is trading close to its 52-week high, just 2.95% away from Rs 1,865.25. Over the past week, Acutaas Chemicals has returned 4.52%, significantly outperforming the Sensex, which has declined by 0.94%. The company has demonstrated robust financial health, with a low debt-to-equity ratio of 0.06 and impressive growth metrics, including a 63.28% increase in net profit and consistent positive results over the last five quarters.
In the broader market context, Acutaas Chemicals has outperformed the benchmark indices significantly over various time frames, including a year-to-date return of 68.50% compared to the Sensex's 7.47%. This strong performance is supported by high institutional holdings at 39.44%, indicating confidence from sophisticated investors. However, the stock's valuation is considered expensive, with a price-to-book value of 11.3, which may pose risks if market conditions shift. Despite this, the company's consistent returns and healthy growth rates suggest that investor sentiment remains positive, contributing to the stock's upward movement.