Why is DMCC Speciality falling/rising?

As of 30-Jul, DMCC Speciality Chemicals Ltd is experiencing a price increase, currently at 316.85, reflecting a rise of 3.5 or 1.12%. The stock has shown positive momentum, gaining for the last two consecutive days with a total return of 3.6% during this period. It is also trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a strong upward trend. However, there has been a notable decline in investor participation, with delivery volume dropping by 61.77% compared to the 5-day average. Despite this, the company has demonstrated robust financial performance, including a 49.14% growth in net sales and a significant increase in profit after tax, which has grown at 135.86% over the last six months. Additionally, institutional investors have increased their stake in the company, suggesting a positive outlook among more sophisticated investors.
In the broader market context, DMCC Speciality Chemicals Ltd has outperformed the benchmark Sensex over the past month, with a return of +21.31% compared to the Sensex's -2.54%. This strong performance in the face of a declining benchmark indicates that the stock is gaining traction among investors, likely due to its solid financial results and favorable valuation metrics. While the stock has underperformed year-to-date with a decline of 14.36%, the recent positive trends and institutional interest may signal a potential turnaround, contrasting with the broader market's struggles.