Why is J.G.Chemicals falling/rising?

As of 18-Jul, J.G.Chemicals Ltd is experiencing a price increase, currently at Rs 508.45, reflecting a rise of 3.95 (0.78%). The stock has shown strong performance, outperforming its sector by 1.81% today and has gained consecutively over the last two days, with a total return of 1.41% during this period. The stock reached an intraday high of Rs 519.5, indicating positive momentum. Over the past week, J.G.Chemicals has risen by 1.51%, and its year-to-date return stands at an impressive 25.54%. The company has reported positive financial results, with a significant growth in profit after tax and net sales, contributing to its attractive valuation and strong market performance despite broader market challenges.
In the broader market context, while the Sensex has faced a decline of 0.90% over the past week, J.G.Chemicals has managed to maintain its upward trajectory, highlighting its resilience and market-beating performance. The stock's ability to generate a return of 106.69% over the past year, in contrast to the negative returns of -0.36% from the BSE500, underscores its strong position. However, there are concerns regarding long-term growth, as net sales and operating profit have shown modest annual growth rates over the last five years, and the lack of domestic mutual fund investment may indicate caution among institutional investors.