Why is DMCC Speciality falling/rising?

As of 15-Jul, DMCC Speciality Chemicals Ltd is experiencing a significant rise in its stock price, currently at 298.85, reflecting an increase of 30.15 or 11.22%. The stock has shown strong performance today, outperforming its sector by 10.13%, and has gained 17.08% over the last two days. It reached an intraday high of Rs 309.45, indicating high volatility with a wide trading range of Rs 39.85. Additionally, the stock has been trading above its 5-day, 20-day, 50-day, and 100-day moving averages, although it remains below the 200-day moving average. The company has demonstrated a strong ability to service debt, with a low Debt to EBITDA ratio of 1.44 times, and has reported positive financial results, including a 49.14% growth in net sales and a substantial increase in profits over the past year. Furthermore, institutional investor participation has increased, indicating growing confidence in the company's fundamentals.
In the broader market context, DMCC Speciality Chemicals Ltd has outperformed the benchmark Sensex in the short term, with a 1-week return of +14.83% compared to the Sensex's -1.36%. While the stock has faced challenges over the longer term, including a year-to-date decline of -19.23%, its recent performance suggests a positive shift in investor sentiment. The stock's ability to attract institutional investors and its favorable financial metrics contribute to its rising price, contrasting with the broader market's recent struggles.