Why is J.G.Chemicals falling/rising?

As of 01-Aug, J.G.Chemicals Ltd is experiencing a decline in its stock price, currently at Rs 482.00, which reflects a decrease of Rs 21.85 or 4.34%. Today's price summary indicates that the stock has underperformed its sector by 2.38% and has fallen after four consecutive days of gains. The stock touched an intraday low of Rs 478.3, representing a drop of 5.07%. Despite a strong performance over the past month with a return of 19.99%, the stock's recent movement is influenced by a higher trading volume near its low price and a trend reversal indicated by moving averages. Positive factors include a low debt-to-equity ratio and consistent profit growth, with net sales increasing by 26.45% and profits rising by 99% over the past year, contributing to a favorable valuation.
In the broader market context, J.G.Chemicals has outperformed the benchmark, with a one-year return of 62.29% compared to the BSE500's negative return of -4.13%. However, the chemical sector as a whole has seen a decline of 2.02%, which may be impacting investor sentiment and contributing to the stock's current downward movement. The stock's recent performance, while strong over the longer term, is facing short-term pressures that are reflected in its price drop today.