Why is Archean Chemical falling/rising?

As of 15-Jul, Archean Chemical Industries Ltd is experiencing a price increase, currently at 698.35, which reflects a rise of 11.85 or 1.73%. The stock has shown strong performance today, outperforming its sector by 0.34% and has been on a consecutive gain streak for the last three days, accumulating a total return of 4.23% during this period. Additionally, the stock is trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a positive trend. The company benefits from high management efficiency, evidenced by a return on capital employed (ROCE) of 28.54%, a low debt-to-equity ratio, and an increase in institutional holdings by 0.62% over the previous quarter, which suggests growing confidence among more knowledgeable investors.
In the broader market context, Archean Chemical's short-term return of 6.57% over the past week significantly outperforms the Sensex, which has declined by 1.36% during the same period. This contrast highlights the stock's resilience and attractiveness to investors amidst a challenging market environment. Furthermore, the rising delivery volume, which increased by 39.94% against the 5-day average, indicates heightened investor participation and liquidity, reinforcing the stock's upward momentum. Overall, these factors contribute to a favorable outlook for Archean Chemical Industries Ltd in the current market landscape.