Why is J.G.Chemicals falling/rising?

As of 10-Sep, J.G.Chemicals Ltd is experiencing a price increase, currently at 478.30, reflecting a rise of 1.95 (0.41%). The stock's performance today is in line with its sector, although it is showing mixed signals in terms of moving averages, being higher than the 5-day, 100-day, and 200-day moving averages but lower than the 20-day and 50-day averages. Notably, there has been a decline in investor participation, with delivery volume falling by 40.93% against the 5-day average. Despite this, the stock has demonstrated strong returns over the past year, generating a 14.56% return while the company's profits have surged by 99%, indicating a robust financial performance. The low debt-to-equity ratio and an attractive valuation with a PEG ratio of 0.3 further support the stock's positive outlook.
In the broader market context, J.G.Chemicals has outperformed the benchmark, with a one-year return of 14.56% compared to the BSE500's negative return of -2.89%. This indicates that while the overall market has struggled, J.G.Chemicals has managed to deliver substantial returns, contributing to its rising stock price. The stock's year-to-date performance of +18.10% also highlights its resilience in a challenging market environment, reinforcing investor confidence despite the recent drop in trading volume.