Why is Himadri Special falling/rising?

As of 03-Jul, Himadri Speciality Chemical Ltd's stock price is currently at 503.70, reflecting an increase of 9.8 points or 1.98%. The stock has shown a positive trend today, gaining after two consecutive days of decline, and it outperformed its sector by 2.01%. It reached an intraday high of Rs 508.65, indicating strong short-term performance. Over the past week, the stock has risen by 12.01%, while its year-to-date performance shows a decline of 13.89%. The company has demonstrated a strong ability to service debt with a low Debt to EBITDA ratio of 1.44 times, and it has consistently reported positive results over the last 12 quarters, contributing to a healthy long-term growth outlook.
Broader Market Context: In comparison to the benchmark Sensex, which has seen a slight decline of 0.62% over the past week, Himadri's stock has significantly outperformed. This positive momentum is further supported by increasing participation from institutional investors, who have raised their stake in the company by 0.61% in the previous quarter. However, it is worth noting that there has been a decline in investor participation, with delivery volume dropping by 71.24% against the 5-day average. Despite this, the stock's consistent returns over the last three years, including a 24.25% return in the past year, indicate a strong performance relative to broader market trends.