Why is J.G.Chemicals falling/rising?

As of 07-Jul, J.G.Chemicals Ltd is experiencing a significant rise in its stock price, currently at Rs 519.40, reflecting an increase of Rs 59.45 or 12.93%. The stock has recently hit a new 52-week and all-time high of Rs 541.5, showcasing strong performance with a 30.19% return over the last three days. The stock has outperformed its sector by 13.18% today and is trading above all key moving averages. Additionally, the company has shown robust financial health with a 26.45% growth in net sales and a 38.65% increase in profit after tax over the last six months. However, there are concerns regarding long-term growth, as net sales and operating profit have only grown at annual rates of 4.00% and 5.84%, respectively, over the past five years.
In the broader market context, J.G.Chemicals has significantly outperformed the benchmark, with a one-week return of +29.77% compared to the Sensex's -0.20%, and a one-month return of +43.88% against the Sensex's +1.53%. This strong performance indicates that investor sentiment is currently favorable towards J.G.Chemicals, despite the lack of domestic mutual fund investment, which may suggest some caution among institutional investors. Overall, the stock's impressive short-term gains, coupled with positive quarterly results, have contributed to its rising price, while concerns about long-term growth potential remain a factor to monitor.