Why is Pondy Oxides falling/rising?

As of 03-Jul, Pondy Oxides & Chemicals Ltd is currently priced at 896.65, reflecting a decrease of 1.15 (-0.13%). Despite this slight decline, the stock has shown strong performance in recent periods, with a 1-week return of +11.80% and a 1-month return of +18.14%. Today's trading saw the stock reach an intraday high of Rs 917.9, and it is currently trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages. Additionally, there has been a notable increase in investor participation, with delivery volume rising by 30.8% against the 5-day average. The company has demonstrated a strong ability to service debt, as indicated by a low Debt to EBITDA ratio of 0.86 times, and has reported positive results for the last four consecutive quarters, contributing to its consistent returns over the past year.
In the broader market context, Pondy Oxides has outperformed the benchmark Sensex, which has seen a decline of 0.62% over the past week while the stock has gained significantly. The stock's year-to-date return of +4.87% is slightly lower than the Sensex's +6.53%, but its impressive 1-year return of +90.13% far exceeds the benchmark's +4.07%. This strong performance, combined with the company's solid financial metrics and rising liquidity, suggests that the stock remains attractive to investors despite the recent minor price drop.