Why is J.G.Chemicals falling/rising?

As of 10-Jun, J.G.Chemicals Ltd is experiencing a price increase, currently at Rs 383.60, reflecting a rise of 7.7 points or 2.05%. The stock has outperformed its sector by 2.08% today and has shown a consecutive gain over the last two days, with a total increase of 6.26% during this period. Additionally, the stock has been trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a positive technical trend. The company has reported positive results for the last three consecutive quarters, with net sales growing by 26.45% and profit after tax increasing by 38.65%. Furthermore, the stock has generated a remarkable return of 66.75% over the past year, significantly outpacing the broader market's performance.
In the broader market context, the stock's short-term return of 1.12% over the past week is slightly below the benchmark Sensex, which has increased by 2.05%. Despite this, J.G.Chemicals has demonstrated strong performance over the longer term, particularly with a year-to-date return of -5.28% compared to the Sensex's +5.44%. The company's low debt-to-equity ratio and attractive valuation, with a price-to-book value of 3.2, further support its stock price movement. While the technical trend has shown signs of improvement, it remains sideways, indicating that while there is no clear momentum, the overall positive financial results and rising investor participation contribute to the stock's upward movement.