Why is Himadri Special falling/rising?

As of 14-Jul, Himadri Speciality Chemical Ltd is experiencing a price increase, currently at Rs 515.75, which reflects a rise of Rs 16.85 or 3.38%. The stock has outperformed its sector by 3.99% today and reached an intraday high of Rs 520, marking a 4.23% increase. Over the past week, the stock has gained 5.13%, and it has shown a strong performance over the last year with a return of 22.22%. The company has demonstrated a robust ability to service its debt, evidenced by a low Debt to EBITDA ratio of 1.44 times, and it has consistently reported positive results for the last 12 quarters, contributing to investor confidence. Additionally, institutional investors have increased their stake, indicating growing confidence in the company's fundamentals.
In the broader market context, while Himadri Speciality Chemical Ltd has shown positive short-term returns, the benchmark Sensex has declined by 1.42% over the same week. This contrast highlights the stock's relative strength in a challenging market environment. Despite a year-to-date decline of 11.83%, the company's long-term growth prospects remain strong, with net sales growing at an annual rate of 20.63%. However, concerns about its valuation persist, as indicated by a high Price to Book Value ratio of 6.8, which may temper some investor enthusiasm. Overall, the stock's recent rise can be attributed to strong operational performance and increasing institutional interest, despite some valuation concerns.