Why is J.G.Chemicals falling/rising?

As of 15-Jul, J.G.Chemicals Ltd is experiencing a rise in its stock price, currently at Rs 504.00, reflecting an increase of Rs 17.05 or 3.5%. The stock has shown a trend reversal, gaining after four consecutive days of decline, and reached an intraday high of Rs 522, which is a 7.2% increase. Over the past month, the stock has performed well, with a return of 30.93%, significantly outperforming the benchmark Sensex, which only gained 1.79%. The company has reported positive financial results over the last three quarters, with a notable growth in profit after tax and net sales, contributing to its attractive valuation and strong performance relative to the market.
In the broader market context, J.G.Chemicals has outperformed the benchmark in the short term, with a 1-week return of -3.77% compared to the Sensex's -1.36%. Despite this recent uptick, there are concerns regarding the company's long-term growth potential, as net sales and operating profit have only grown at modest rates over the past five years. Additionally, the lack of investment from domestic mutual funds may indicate a lack of confidence in the stock's current valuation. However, the company's low debt-to-equity ratio and high return on equity suggest a solid financial foundation, which may help sustain investor interest in the near term.