Why is Pondy Oxides falling/rising?

As of 08-Jul, Pondy Oxides & Chemicals Ltd is experiencing a price increase, currently at 955.50, reflecting a rise of 42.45 or 4.65%. The stock has shown strong performance today, outperforming its sector by 5.23% and reaching an intraday high of Rs 989, which is an 8.32% increase. Over the past week, the stock has gained 12.06%, and it has delivered an impressive 105.45% return over the last year, 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 notable 32.48% growth in net sales over the past nine months.
In the broader market context, while Pondy Oxides has outperformed the Sensex, which has only increased by 0.02% over the past week, the stock's recent rise is supported by its consistent returns over the last three years and a significant 608.37% increase over the past three years. However, there are concerns regarding its valuation, as the stock is trading at a premium compared to its peers, with a high enterprise value to capital employed ratio of 4.2. Despite these valuation concerns, the stock's strong performance metrics and positive financial results have contributed to its upward price movement.