Why is PCBL Chemical falling/rising?

As of 09-Jul, PCBL Chemical Ltd is experiencing a price increase, currently at 423.25, reflecting a rise of 18.95 or 4.69%. The stock has outperformed its sector today by 1.1% and has shown consecutive gains over the last two days, accumulating a total return of 5.55% during this period. Additionally, the stock has touched an intraday high of Rs 433, indicating strong upward momentum. Despite a year-to-date decline of 5.93%, the stock has generated a remarkable return of 57.78% over the past year and has consistently outperformed the BSE500 over the last three years. Positive factors contributing to this rise include healthy long-term growth in net sales and operating profit, along with increased participation from institutional investors, which suggests a growing confidence in the company's fundamentals.
In the broader market context, PCBL Chemical's short-term performance of 2.21% over the past week significantly surpasses the Sensex's modest gain of 0.15%. This indicates that the stock is not only gaining traction independently but also capitalizing on sectoral strength, as the Carbon Black sector has risen by 3.51%. However, it is worth noting that there has been a decline in investor participation, with delivery volume decreasing by 7.01% compared to the five-day average, which could indicate a potential concern for future liquidity. Overall, the stock's recent performance is bolstered by strong fundamentals and institutional backing, despite some signs of reduced retail investor activity.