Why is Pondy Oxides falling/rising?

As of 02-Jul, Pondy Oxides & Chemicals Ltd is experiencing a price increase, currently at Rs 897.80, reflecting a rise of Rs 45.15 or 5.3%. The stock has shown strong performance today, outperforming its sector by 6.19% and reaching an intraday high of Rs 913.5, which is a 7.14% increase. Over the past week, the stock has gained 17.51%, and over the last year, it has delivered an impressive 87.53% return, significantly outperforming the BSE500 index. The company has demonstrated a strong ability to service its debt, 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, while Pondy Oxides has outperformed the Sensex significantly in the short term, with a 1-week return of 17.51% compared to the Sensex's 0.79%, it is important to note that there has been a decline in investor participation, with delivery volume falling by 56.8% against the 5-day average. Despite this drop in participation, the stock remains liquid enough for trading, indicating ongoing interest. The consistent returns over the last three years, coupled with strong financial metrics, suggest that the stock's recent rise is supported by solid fundamentals, even as it faces some challenges with declining trading volume.