Why is Chemcon Special. falling/rising?

As of 19-Aug, Chemcon Speciality Chemicals Ltd is experiencing a price increase, currently at Rs 230.40, which reflects a rise of Rs 6.7 or 3.0%. The stock has shown positive momentum, gaining 3.02% over the last two days and outperforming its sector by 2.85% today. It reached an intraday high of Rs 233.35, indicating strong trading activity. Despite this, the stock has had a mixed performance in the past month, with a decline of 0.73%, and a significant drop of 13.42% over the past year. The company maintains a low debt-to-equity ratio, which is generally favorable and may contribute to investor confidence.
In the broader market context, Chemcon's short-term performance over the past week shows a gain of 0.99%, which is lower than the Sensex's increase of 1.76% during the same period. This suggests that while the stock is rising, it is not keeping pace with the overall market. Additionally, the stock's liquidity appears adequate for trading, although there has been a decline in investor participation, with delivery volume falling by 11.57% against the five-day average. This decline in participation could indicate caution among investors, despite the recent price gains.