Why is Dhanuka Agritech falling/rising?

As of 31-Jul, Dhanuka Agritech Ltd's stock price is currently at Rs 1,918.20, reflecting an increase of Rs 28.5 or 1.51%. The stock has recently reached a new 52-week high of Rs 1,955 and has been on a consecutive gain streak for the last six days, during which it has appreciated by 12.39%. The stock is outperforming its sector by 2.54% today and is trading above all key moving averages, indicating strong momentum. Additionally, the company has demonstrated high management efficiency with a return on equity (ROE) of 22.08% and a low debt-to-equity ratio, which supports investor confidence. However, there are concerns regarding its long-term growth, as net sales and operating profit have grown at lower annual rates over the past five years, and the stock is considered to have a very expensive valuation relative to its peers.
In the broader market context, Dhanuka Agritech has significantly outperformed the benchmark Sensex, with a 1-week return of +11.92% compared to the Sensex's -1.22%, and a year-to-date return of +30.21% against the Sensex's +3.90%. This strong performance in both the short and long term suggests that investor sentiment remains positive towards the stock, despite some underlying risks related to its valuation and growth rates. The rising investor participation, as indicated by a substantial increase in delivery volume, further supports the stock's upward movement in a market that has been less favorable overall.