Why is Sh. Jagdamba Pol falling/rising?

As of 29-Jul, Shri Jagdamba Polymers Ltd is experiencing a price increase, currently at 1,020.00, reflecting a change of 5.0 (0.49%) upward. Today's price summary indicates that the stock has outperformed its sector by 1.38% and has shown a trend reversal after four consecutive days of decline, reaching an intraday high of Rs 1,047.9. Despite a one-week decline of 7.21% and a one-month drop of 6.59%, the stock has performed well year-to-date with a gain of 34.45% and a 15.29% increase over the past year. The company has demonstrated strong financial performance, with a 44.64% growth in operating profit and consistent positive results over the last five quarters, contributing to investor confidence. However, there are concerns regarding long-term growth, as the operating profit has only grown at an annual rate of 10.94% over the last five years.
In the broader market context, while the stock has outperformed the benchmark Sensex, which has seen a decline of 1.03% over the past week and 3.24% over the past month, it has still managed to deliver a positive return of 15.29% over the last year, contrasting with the negative returns of the broader market (BSE500) at -2.26%. This relative strength may indicate that investors are favoring Shri Jagdamba Polymers Ltd despite some valuation concerns, as it trades at a premium compared to its peers. The rising investor participation, evidenced by a 17.59% increase in delivery volume, further supports the stock's upward movement.