Why is Sh. Jagdamba Pol falling/rising?

As of 13-Aug, Shri Jagdamba Polymers Ltd is experiencing a price increase, currently at Rs 972.50, reflecting a rise of 27.15 or 2.87%. Today's performance indicates that the stock outperformed its sector by 3.16%, reaching an intraday high of Rs 996, although it also touched a low of Rs 925.05. Over the past week, the stock has seen a decline of 2.55%, and over the last month, it has dropped 11.22%. Despite these short-term declines, the company has shown strong fundamentals, including a high return on capital employed (ROCE) of 23.10% and consistent positive results over the last five quarters, with significant growth in operating profit and net sales. However, there are concerns regarding its long-term growth potential, as the operating profit has only grown at an annual rate of 10.94% over the past five years, and the stock is trading at a premium compared to its peers.
In the broader market context, the stock's recent performance contrasts with the Sensex, which has remained relatively flat with a change of -0.01% over the past week. While the stock has underperformed the benchmark in the short term, it has shown a year-to-date return of 28.19%, significantly higher than the Sensex's 3.07%. This suggests that despite recent volatility, investor confidence may be bolstered by the company's strong operational metrics and management efficiency. However, the falling investor participation, as indicated by a 41.29% drop in delivery volume, could pose a risk to sustained upward momentum.