Why is Himadri Special falling/rising?

As of 17-Jul, Himadri Speciality Chemical Ltd is experiencing a price increase, currently at 517.75, reflecting a change of 4.55 (0.89%) upward. The stock has shown a positive trend today, gaining after two consecutive days of decline and outperforming its sector by 0.64%. It is trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a strong bullish sentiment. Over the past week, the stock has risen by 1.70%, while it has delivered a remarkable 13.07% return over the last month. Additionally, the company has demonstrated a strong ability to service debt with a low Debt to EBITDA ratio of 1.44 times and has reported positive operating results for the last 13 consecutive quarters, contributing to its healthy long-term growth prospects.
In the broader market context, while Himadri Speciality Chemical has outperformed the Sensex by 1.70% over the past week, the benchmark itself has declined by 1.12%. This indicates that the stock is gaining traction even as the overall market faces challenges. The increasing participation of institutional investors, who have raised their stake by 0.61% in the last quarter, further supports the stock's upward movement, as these investors typically have more resources to analyze company fundamentals. However, it is worth noting that there has been a decline in delivery volume, which fell by 45.95% against the 5-day average, suggesting a potential concern regarding investor participation in the near term.