Why is J.G.Chemicals falling/rising?

As of 15-Sep, J.G.Chemicals Ltd is experiencing a price increase, currently at 475.55, reflecting a rise of 4.45 (0.94%). The stock has shown a positive performance today, outperforming its sector by 0.68% and achieving a consecutive gain over the last two days with a total return of 1.5%. Despite a decline of 0.95% over the past week and 6.13% over the past month, the stock has delivered a year-to-date return of 17.42% and a one-year return of 12.05%, significantly outperforming the broader market, which has seen negative returns. The company maintains a low debt-to-equity ratio and an attractive valuation with a return on equity of 13.8%, which supports its recent price movement.
In the broader market context, while the Sensex has gained 1.24% over the past week and 1.47% over the past month, J.G.Chemicals has lagged behind in the short term. However, its strong year-to-date performance of 17.42% compared to the Sensex's 4.67% indicates that the stock has been resilient despite recent fluctuations. The stock's liquidity remains adequate for trading, although there has been a notable decline in investor participation, with delivery volume falling by 33.11% against the five-day average. This combination of factors suggests that while the stock is currently rising, it faces challenges that could affect its momentum moving forward.