Why is J.G.Chemicals falling/rising?

As of 30-Jul, J.G.Chemicals Ltd is experiencing a price increase, currently at Rs 502.50, reflecting a rise of 7.05 or 1.42%. The stock has shown strong performance today, outperforming its sector by 0.38% and has gained consecutively over the last three days, accumulating a total return of 5.06% during this period. Additionally, the stock has been trading above its moving averages across various time frames, indicating a positive trend. The company has reported positive results for the last three consecutive quarters, with net sales growing by 26.45% and profit after tax increasing by 38.65%. However, there are concerns regarding long-term growth, as net sales have only grown at an annual rate of 4.00% over the last five years, and domestic mutual funds hold no stake in the company, which may indicate a lack of confidence in its valuation.
Broader market context shows that J.G.Chemicals has significantly outperformed the benchmark, with a one-week return of +1.74% compared to the Sensex's -1.50%, and a remarkable one-year return of 96.71% against the benchmark's negligible growth of 0.03%. This strong performance in a declining market suggests that investor sentiment towards J.G.Chemicals remains positive despite broader market challenges. The company's attractive valuation, characterized by a low debt-to-equity ratio and a favorable price-to-book value, further supports its rising stock price, even as investor participation has seen a decline.