Why is J.G.Chemicals falling/rising?

As of 09-Jul, J.G.Chemicals Ltd's stock price is currently at Rs 518.20, reflecting a decrease of Rs 5.55 or 1.06%. The stock has recently underperformed its sector by 1.04% and has experienced a trend reversal after four consecutive days of gains. Despite this decline, the stock has shown strong performance over the past week, rising by 29.89%, and over the past month, it has increased by 37.86%. The company has reported positive financial results, with net sales growing by 26.45% and profit after tax increasing by 38.65% over the last six months. However, concerns about long-term growth persist, as net sales have only grown at an annual rate of 4.00% over the last five years, which may be influencing investor sentiment.
Broader market context indicates that while J.G.Chemicals has significantly outperformed the benchmark, generating a return of 106.87% over the past year compared to the BSE500's 1.43%, the recent price drop may reflect a correction after a period of rapid gains. The stock is still trading above its moving averages, suggesting overall positive momentum, but the lack of domestic mutual fund investment could indicate caution among institutional investors. This combination of strong short-term performance and underlying concerns about long-term growth may be contributing to the current price decline.