Why is DMCC Speciality falling/rising?

As of 14-Aug, DMCC Speciality Chemicals Ltd is experiencing a price increase, currently at Rs 342.90, reflecting a rise of Rs 5.9 or 1.75%. The stock has shown strong performance recently, with a 14.64% increase over the past week and a notable 27.61% rise over the past month. Today's trading saw the stock reach an intraday high of Rs 346.25, while it also maintained a position above its moving averages across various time frames. Despite a slight decline in delivery volume, the company has demonstrated robust financial health, with a significant net profit growth of 466.42% and positive results for the last four consecutive quarters, which has likely contributed to investor confidence and the stock's upward movement.
In the broader market context, DMCC Speciality Chemicals Ltd has outperformed the benchmark Sensex, which has seen a negligible change of -0.03% over the past week. While the stock has generated a 19.06% return over the past year, the Sensex has only returned 1.89% during the same period, indicating that DMCC is not only resilient but also attractive to institutional investors, who have increased their stake in the company. This combination of strong financial performance, positive investor sentiment, and relative outperformance against the broader market has likely driven the stock's recent rise.