Why is Pondy Oxides falling/rising?

As of 30-Jul, Pondy Oxides & Chemicals Ltd is experiencing a price increase, with its current price at Rs 1,191.55, reflecting a rise of 30.05 (2.59%). The stock has recently hit a new 52-week high of Rs 1210.8 and has shown strong performance, gaining 25.68% over the past week and 36.78% over the past month. The stock has been on a consecutive gain streak for the last five days, outperforming its sector by 1.55%. Despite a slight decline in delivery volume, the company maintains a healthy liquidity position, and its strong financial metrics, including a low Debt to EBITDA ratio of 0.86 times and significant growth in operating profit, support the positive momentum.
In the broader market context, Pondy Oxides has significantly outperformed the benchmark Sensex, which has declined by 1.50% over the past week, while the stock has risen by 25.68%. This stark contrast highlights the stock's strong performance relative to the market. Additionally, the company has consistently delivered positive results over the last five quarters, contributing to its robust annual returns of 92.23% over the past year. However, it is worth noting that the stock is trading at a premium compared to its peers, which may pose a risk if valuations adjust in the future.