Why is J.G.Chemicals falling/rising?

As of 03-Jul, J.G.Chemicals Ltd is experiencing a price increase, with its current price at 405.50, reflecting a change of 6.55 (1.64%) upward. The stock has outperformed its sector today by 1.67%, and it is trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages. Over the past week, the stock has risen by 1.83%, while in the last month, it has increased by 6.89%. The company has shown strong financial performance, with net sales growing by 26.45% and profit after tax increasing by 38.65% over the latest six months. Additionally, the stock has generated a remarkable return of 59.27% over the past year, significantly outperforming the market's return of 2.20%.
In the broader market context, J.G.Chemicals' short-term performance has been notably strong compared to the benchmark, as it has risen while the Sensex has declined by 0.62% over the past week. Despite a slight decrease in investor participation, as indicated by a 4.7% drop in delivery volume, the company's low debt-to-equity ratio and attractive valuation, with a price-to-book value of 3.4 and a PEG ratio of 0.3, contribute positively to investor sentiment. The consistent positive results over the last three quarters further bolster confidence in the stock, leading to its recent upward movement.