Why is DMCC Speciality falling/rising?

As of 16-Jul, DMCC Speciality Chemicals Ltd is experiencing a price increase, currently at 315.20, reflecting a rise of 16.35 or 5.47%. The stock has outperformed its sector by 5.62% today and has shown a significant upward trend, gaining 23.49% over the last three days. Additionally, the stock has touched an intraday high of Rs 323, indicating strong investor interest. Over the past week, DMCC has returned 21.63%, contrasting sharply with a decline of 1.08% in the Sensex. The company has demonstrated robust financial performance, with a 49.14% growth in net sales and a substantial increase in profits, which has likely contributed to the positive sentiment surrounding the stock.
In the broader market context, DMCC's strong short-term performance stands out against the Sensex, which has only gained 1.02% over the past month. The stock is trading above its moving averages, suggesting a bullish trend, and has seen a remarkable increase in delivery volume, indicating rising investor participation. Institutional investors have also increased their stake, reflecting confidence in the company's fundamentals. Despite a year-to-date decline of 14.81%, the stock's recent positive results and favorable valuation metrics, such as a low Debt to EBITDA ratio and a PEG ratio of 0.4, support its upward movement in the current market environment.