Why is Punjab Chemicals falling/rising?

As of 17-Nov, Punjab Chemicals & Crop Protection Ltd is experiencing a price increase, currently at Rs 1,346.65, reflecting a rise of Rs 37.9 or 2.9%. The stock has shown strong performance today, outperforming its sector by 2.04% and achieving a consecutive gain over the last two days with a total return of 5.19%. It reached an intraday high of Rs 1,349, and its current price is above the 5-day, 50-day, 100-day, and 200-day moving averages, although it is lower than the 20-day moving average. The stock has also seen increased investor participation, with delivery volume rising by 17.14% compared to the 5-day average. Over the past year, the stock has generated a return of 32.15%, significantly outperforming the broader market's return of 8.59%.
In the broader market context, the stock's short-term return of 4.71% over the past week surpasses the Sensex's gain of 1.69%, indicating strong relative performance. The company's financial health is bolstered by a low Debt to EBITDA ratio of 0.88 times, which enhances its ability to service debt. Positive quarterly results, including a 51.5% growth in profit after tax and a record high in cash and cash equivalents, further contribute to investor confidence. Overall, these factors suggest that Punjab Chemicals is benefiting from solid operational performance and favorable market conditions, driving its stock price upward.