Why is Jaysynth Orgo falling/rising?

As of 22-Jul, Jaysynth Orgochem Ltd's stock price is rising, currently at Rs 23.80, reflecting an increase of Rs 1.41 or 6.3%. The stock has shown strong performance today, outperforming its sector by 6.16% and reaching an intraday high of Rs 24.25, which is an 8.31% increase. Over the past week, the stock has gained 5.78%, and over the past month, it has risen by 11.06%. Despite a year-to-date decline of 14.57%, the stock has generated a notable return of 29.00% over the past year, with profits increasing significantly by 736.3%. The company maintains a low debt-to-equity ratio and has demonstrated healthy long-term growth, with net sales increasing at an annual rate of 173.52% and operating profit at 79.92%. This attractive valuation, combined with consistent returns over the last three years, supports the stock's upward movement.
In the broader market context, while the Sensex has experienced a slight decline of 0.47% over the past week and 0.27% over the past month, Jaysynth Orgochem Ltd has significantly outperformed this benchmark, indicating strong investor interest despite the overall market conditions. The stock's liquidity remains adequate, although there has been a decrease in delivery volume, which may suggest a slight decline in investor participation. Nevertheless, the stock's performance relative to the benchmark and its positive financial indicators contribute to its rising price, reflecting investor confidence in its future growth potential.