Why is Pondy Oxides falling/rising?

As of 03-Sep, Pondy Oxides & Chemicals Ltd is experiencing a price increase, currently at Rs 1,162.00, which reflects a rise of Rs 80.2 or 7.41%. The stock has shown strong performance today, outperforming its sector by 6.05% and has been gaining for the last three days, accumulating a total return of 10.59% during this period. It is also close to its 52-week high, being only 4.2% away from Rs 1,210.8. The company has demonstrated robust financial health, with a low Debt to EBITDA ratio of 0.86 times and significant growth in operating profit, which has increased at an annual rate of 31.47%. Additionally, it has reported positive results for five consecutive quarters, with a notable growth in net sales and profit after tax.
In the broader market context, Pondy Oxides has outperformed the Sensex, which has seen a slight decline of 0.27% over the past week, while the stock itself has gained 6.61%. This trend highlights the stock's resilience and strong market position, particularly as it has generated a return of 35.91% year-to-date compared to the Sensex's 3.11%. However, it is important to note that there has been a decline in investor participation, with delivery volume dropping significantly, which could pose a risk to sustained price movement. Despite this, the stock's long-term performance remains strong, having outperformed the benchmark indices over various time frames, indicating a favorable outlook amidst some valuation concerns.