Why is Archean Chemical falling/rising?

As of 03-Sep, Archean Chemical Industries Ltd is experiencing a price increase, currently at Rs 686.00, reflecting a rise of Rs 12.0 or 1.78%. The stock has shown strong performance recently, gaining 6.04% over the last four days and outperforming its sector by 0.42% today. Additionally, it has consistently traded above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages. The stock's performance over the past week and month has also been positive, with returns of 4.82% and 5.18%, respectively. The company's high management efficiency, indicated by a return on capital employed (ROCE) of 28.54%, and a low debt-to-equity ratio further support its favorable outlook. Furthermore, institutional holdings have increased by 1.61% over the previous quarter, suggesting confidence from more sophisticated investors.
In the broader market context, Archean Chemical's short-term performance stands in stark contrast to the benchmark Sensex, which has seen a decline of 0.27% over the past week and a negligible change of -0.04% over the past month. This indicates that while the overall market may be struggling, Archean Chemical is managing to attract investor interest and maintain upward momentum. The rising delivery volume, which increased by 18.87% against the 5-day average, also points to heightened investor participation, contributing to the stock's upward trajectory amidst a challenging market environment.