Why is Bodal Chemicals falling/rising?

As of 30-Jun, Bodal Chemicals Ltd is experiencing a price increase, currently trading at 76.97, which reflects a rise of 1.05 or 1.38%. The stock has shown strong performance recently, gaining 4.41% over the last two days and outperforming its sector by 1.68% today. It has also touched an intraday high of Rs 77.5. 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 has reported significant growth in net profit, with a 167.53% increase, and has declared positive results for the last two consecutive quarters, contributing to investor confidence.
In the broader market context, Bodal Chemicals has outperformed the Sensex over the past week, with a return of 11.39% compared to the Sensex's 2.09%. Year-to-date, the stock has also shown a solid return of 13.91%, significantly higher than the Sensex's 7.00%. This strong performance is supported by rising investor participation, as evidenced by a 46.92% increase in delivery volume. The stock's attractive valuation, trading at a discount compared to its peers, along with a high return on capital employed and increasing net sales, further bolsters its positive outlook in the market.