Why is Pondy Oxides falling/rising?

As of 30-Jun, Pondy Oxides & Chemicals Ltd is experiencing a price increase, currently at Rs 871.15, reflecting a rise of 22.9 points or 2.7%. The stock has shown strong performance, gaining 24.1% over the past week and outperforming its sector by 2.18% today. It has consistently gained for the last five days, reaching an intraday high of Rs 875. The stock is trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a positive trend. Additionally, the company has demonstrated strong financial health with a low Debt to EBITDA ratio of 0.86 times and has reported positive results for the last four consecutive quarters, including a 25.97% growth in net sales over the latest six months.
In the broader market context, Pondy Oxides has significantly outperformed the benchmark Sensex, which has only increased by 2.09% over the past week, while the stock has surged by 24.1%. Despite this impressive short-term performance, there are concerns regarding the stock's valuation, as it is trading at a premium compared to its peers, with a high Enterprise value to Capital Employed ratio. Furthermore, institutional investor participation has decreased by 1.07% in the previous quarter, which may indicate a lack of confidence among more sophisticated investors. Overall, while the stock is currently rising, the mixed signals regarding valuation and institutional interest could influence future performance.