Why is DMCC Speciality falling/rising?

As of 17-Sep, DMCC Speciality Chemicals Ltd is experiencing a price increase, currently at 318.55, reflecting a rise of 4.25 or 1.35%. The stock has shown a positive trend, gaining 5.53% over the last three days and outperforming its sector by 0.36%. Despite touching an intraday low of Rs 305.1 earlier in the day, the stock is trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages. The company has demonstrated strong financial performance, with a significant net profit growth of 466.42% and consistent positive results over the last four quarters. Additionally, the low Debt to EBITDA ratio of 1.44 times and an attractive valuation compared to peers contribute positively to investor sentiment.
In the broader market context, DMCC Speciality Chemicals has outperformed the benchmark, with a 1-week return of +5.11% compared to the Sensex's +1.56%. While the stock has faced challenges over the longer term, including a year-to-date decline of 13.91%, its recent performance indicates a recovery phase. The increasing participation from institutional investors, who have raised their stake by 0.91%, further supports the stock's upward movement, as these investors typically have a deeper understanding of the company's fundamentals. Overall, the combination of strong financial results, positive market performance, and rising investor interest is driving the stock's current upward trajectory.