Why is J B Chemicals & falling/rising?

As of 10-Nov, J B Chemicals & Pharmaceuticals Ltd is experiencing a price increase, with the current price at 1,813.40, reflecting a rise of 111.75 or 6.57%. The stock has shown strong performance today, outperforming its sector by 5.52% and achieving a consecutive gain over the last two days, with a total return of 7.16% during this period. Additionally, the stock has touched an intraday high of Rs 1820, indicating positive momentum. Over the past week, the stock has risen by 5.80%, while its one-month return stands at 8.30%. The company benefits from high management efficiency, evidenced by a return on equity (ROE) of 19.49%, and a low debt-to-equity ratio of 0.02 times. Furthermore, institutional holdings have increased by 0.73% over the previous quarter, suggesting confidence from larger investors.
In the broader market context, while J B Chemicals has outperformed the Sensex, which has declined by 0.53% over the past week, the stock's year-to-date performance is lagging behind the benchmark, with a decline of 1.65% compared to the Sensex's gain of 6.91%. Despite this, the stock's strong short-term performance and positive operational metrics, such as the highest operating cash flow and return on capital employed, contribute to its rising price. However, it is worth noting that investor participation has fallen significantly, with delivery volume down by 72.62% against the five-day average, which may indicate caution among retail investors despite the stock's recent gains.