Why is DMCC Speciality falling/rising?

As of 19-Aug, DMCC Speciality Chemicals Ltd's stock is rising, with a current price of 337.50, reflecting an increase of 8.7 or 2.65%. Today's price summary indicates that the stock outperformed its sector by 2.5%, reaching an intraday high of Rs 342.85, which is a 4.27% increase. Over the past month, the stock has shown a positive return of 7.14%, despite a year-to-date decline of 8.78%. The company has demonstrated strong financial performance, with a significant net profit growth of 466.42% and positive results for the last four consecutive quarters. Additionally, institutional investors have increased their stake, indicating growing confidence in the company's fundamentals.
In the broader market context, while the Sensex has generated a return of +1.76% over the past week, DMCC's stock has slightly underperformed with a return of -0.44%. However, it has outperformed the market over the past year, achieving a return of 21.84% compared to the Sensex's 1.52%. This performance is notable given the stock's ability to generate substantial returns despite a generally negative market environment, as evidenced by the BSE500's decline of -0.91% over the last year. The stock's favorable valuation metrics, including a low Debt to EBITDA ratio and a PEG ratio of 0.2, further support its rising price amidst increasing institutional interest.