Why is Bodal Chemicals falling/rising?

As of 21-Jul, Bodal Chemicals Ltd's stock price is currently at 76.60, reflecting a slight increase of 0.08 (0.1%). The stock has shown a positive trend today, gaining after two consecutive days of decline. It has outperformed the benchmark Sensex over the past week and month, with returns of +2.80% and +12.40%, respectively. Despite a recent drop in investor participation, as indicated by a 41.48% decrease in delivery volume, the stock remains liquid enough for trading. The company's strong financial performance, including a 167.53% increase in net profit and a 381.41% growth in PAT over the last nine months, supports its recent price movement, suggesting a positive outlook among investors.
In the broader market context, Bodal Chemicals has performed better than the Sensex in the short term, which has seen a decline of 0.06% over the past week and a drop of 0.25% over the past month. The stock's attractive valuation, trading at a discount compared to its peers, along with a PEG ratio of 0.3, indicates potential for further growth. Additionally, the company's consistent positive results over the last two quarters contribute to a favorable sentiment, reinforcing the stock's upward movement despite the recent volatility in investor participation.