Why is DMCC Speciality falling/rising?

As of 12-Aug, DMCC Speciality Chemicals Ltd is experiencing a rise in its stock price, currently at Rs 339.00, reflecting an increase of 8.95 or 2.71%. The stock has shown strong performance today, outperforming its sector by 3.53%, and has reached an intraday high of Rs 339. The stock has also demonstrated positive momentum over the past week with a return of +10.93%, while it has outperformed the benchmark Sensex, which has declined by 0.59%. The company has reported impressive financial results, including a net profit growth of 466.42% and positive results for the last four consecutive quarters, contributing to a favorable outlook among investors. Additionally, the stock is trading above its moving averages, indicating bullish sentiment, and there has been an increase in institutional investor participation, which further supports the stock's upward movement.
Broader market context shows that while the stock has generated a return of 12.51% over the past year, the broader market (BSE500) has faced negative returns of -2.11%. This stark contrast highlights DMCC Speciality's resilience and ability to attract investor interest despite a challenging market environment. The stock's performance over the last month, with a return of +32.81%, further emphasizes its strength relative to the benchmark, which has declined by 2.75% during the same period. Overall, the combination of strong financial performance, positive investor sentiment, and favorable comparisons to the broader market has contributed to the stock's rising price.