Why is Punjab Chemicals falling/rising?

As of 14-Jul, Punjab Chemicals & Crop Protection Ltd's stock price is rising, currently at 1,263.20, reflecting an increase of 69.7 points or 5.84%. The stock has shown strong performance today, outperforming its sector by 5.64%, and reached an intraday high of Rs 1275, marking a 6.83% increase. Over the past week, the stock has gained 7.08%, and in the last month, it has risen by 15.57%. Despite a one-year decline of 5.00%, the company has a low Debt to EBITDA ratio of 0.90 times, indicating a strong ability to service its debt. Additionally, it is trading at a discount compared to its peers' average historical valuations, which may attract investors despite a 22.1% drop in profits over the past year.
Broader market context indicates that while Punjab Chemicals has been performing well, the Sensex has declined by 1.42% over the past week and increased by only 1.40% over the past month. This suggests that the stock's recent rise is notable in the context of a broader market that is struggling. The stock's year-to-date return of 18.06% also significantly outpaces the Sensex's 5.27% increase, highlighting its relative strength in a challenging market environment.