Why is Bodal Chemicals falling/rising?

As of 09-Jul, Bodal Chemicals Ltd is experiencing a price increase, currently at Rs 78.70, reflecting a rise of 2.34 or 3.06%. The stock has shown a positive performance today, outperforming its sector by 3.25% and marking a trend reversal after two consecutive days of decline. It reached an intraday high of Rs 80, which is a 4.77% increase. Over the past week, the stock has gained 4.65%, and year-to-date, it has risen by 16.47%. The company has reported significant growth in net profit and sales, with a 167.53% increase in net profit and a 22.15% increase in net sales over the last six months, contributing to a favorable valuation compared to its peers.
In the broader market context, Bodal Chemicals' short-term performance has significantly outpaced the Sensex, which only increased by 0.15% over the same week. While the stock has shown strong returns recently, it has underperformed over the longer term, with a 1-year return of -3.33% compared to the Sensex's 3.96% gain. Despite a decline in investor participation, as indicated by a 36.91% drop in delivery volume, the stock's attractive valuation and positive earnings growth have likely contributed to its recent upward movement.