Why is J B Chemicals & falling/rising?

As of 23-Jun, J B Chemicals & Pharmaceuticals Ltd is experiencing a price increase, currently at Rs 1,797.35, reflecting a rise of 27.35 or 1.55%. The stock has shown strong performance today, outperforming its sector by 1.56% and achieving a consecutive gain over the last two days, with a total return of 7.55% during this period. It opened with a gain of 2.14% and reached an intraday high of Rs 1,824, which is a 3.05% increase. Additionally, the stock is trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages. The recent rise in investor participation is notable, with a delivery volume increase of 708.67% compared to the 5-day average. The company also benefits from high management efficiency, indicated by a return on equity (ROE) of 19.49%, and maintains a low debt-to-equity ratio of 0.02 times, contributing positively to its recent stock performance.
In the broader market context, J B Chemicals has outperformed the benchmark Sensex over the past week and month, with returns of 3.94% and 5.54%, respectively, compared to the Sensex's modest gains of 0.12% and 0.22%. However, year-to-date, the stock is down 2.52%, while the Sensex has risen by 4.81%. This indicates that while the stock is currently on an upward trajectory, it has faced challenges earlier in the year compared to the overall market. The significant gains in the short term may reflect positive investor sentiment and confidence in the company's fundamentals, despite its year-to-date underperformance relative to the benchmark.