Why is J.G.Chemicals falling/rising?

As of 12-Aug, J.G.Chemicals Ltd is experiencing a price increase, currently at 498.00, reflecting a rise of 27.0 or 5.73%. The stock has outperformed its sector today by 6.55%, reaching an intraday high of Rs 505, which is a 7.22% increase. Over the past week, J.G.Chemicals has shown a positive return of 2.84%, while its performance over the last month has been slightly negative at -0.58%. Notably, the company has generated a remarkable return of 46.49% over the past year, significantly outpacing the market's negative return of -2.11%. The stock's attractive valuation is supported by a low debt-to-equity ratio and a strong return on equity of 13.8, alongside a PEG ratio of 0.3, indicating solid profit growth of 99% over the past year.
In the broader market context, J.G.Chemicals' recent performance stands in stark contrast to the benchmark, as it has managed to achieve a positive return while the Sensex has declined by 0.59% over the past week. Despite a slight decrease in delivery volume, the stock remains liquid enough for trading, and it is currently trading above all key moving averages, suggesting a strong upward trend. The overall market sentiment has been negative, yet J.G.Chemicals has maintained its upward trajectory, highlighting its resilience and strong fundamentals amidst broader market challenges.