Why is Khaitan Chemical falling/rising?

As of 03-Jul, Khaitan Chemicals & Fertilizers Ltd is experiencing a price increase, with its current price at Rs 103.13, reflecting a rise of 4.91 (5.0%). The stock has reached a new 52-week high today and has been on a consecutive gain streak for the last seven days, accumulating a total return of 23.66% during this period. Additionally, the stock has outperformed its sector by 5.3% today. The company has reported significant growth in net sales, with a 216.11% increase leading to very positive results in the last two quarters. However, it is important to note that despite these positive indicators, the company faces risks such as poor long-term growth in operating profit and a low return on capital employed.
Broader market context shows that Khaitan Chemicals has significantly outperformed the benchmark, with a 21.64% return over the past week compared to a decline of 0.62% in the Sensex. Over the last year, the stock has generated a return of 31.66%, which is substantially higher than the market's return of 4.07%. While the stock is trading at a discount compared to its peers, the low participation from domestic mutual funds may indicate some caution regarding its valuation. Overall, the strong short-term performance and positive sales growth contribute to the stock's rising price, despite underlying concerns about long-term profitability.