Why is J.G.Chemicals falling/rising?

As of 29-Jul, J.G.Chemicals Ltd is experiencing a rise in its stock price, currently at Rs 495.45, reflecting an increase of Rs 15.45 or 3.22%. The stock has shown strong performance today, outperforming its sector by 2.8% and achieving a consecutive gain over the last two days with a total return of 3.59%. It has also been trading above its moving averages for 5, 20, 50, 100, and 200 days. Despite a decline in delivery volume, the company has reported positive financial results over the last three quarters, with net sales growing by 26.45% and profit after tax increasing by 38.65%. The stock's impressive one-year return of 91.59% further highlights its strong performance relative to the broader market, which has seen negative returns.
In the broader market context, J.G.Chemicals has outperformed the benchmark, with a one-month return of 25.11% compared to the Sensex's decline of 3.24%. This trend is particularly notable given that the stock has generated significant returns over the past year while the BSE500 index has faced a downturn of -2.26%. However, there are concerns regarding the company's long-term growth potential, as net sales and operating profit have only grown at annual rates of 4.00% and 5.84%, respectively, over the last five years. Additionally, the absence of domestic mutual fund investment may indicate a lack of confidence in the stock's valuation or business prospects.