Why is Sh. Jagdamba Pol falling/rising?

As of 25-Aug, Shri Jagdamba Polymers Ltd's stock price is rising, currently at Rs 970.00, reflecting an increase of Rs 23.85 or 2.52%. The stock has shown a trend reversal, gaining after two consecutive days of decline, and has outperformed its sector by 3.68% today. In terms of returns, the stock has performed well year-to-date with a gain of 27.86%, despite a decline of 6.82% over the past month. The company has demonstrated strong financial health, with a high return on capital employed (ROCE) of 23.10% and a low debt-to-equity ratio of 0.09 times. Additionally, it has reported positive results for the last six consecutive quarters, with a significant growth in profit after tax and net sales.
In the broader market context, the stock's recent performance contrasts with the benchmark, as it has outperformed the BSE500 index, which has generated negative returns of -2.11% over the past year while the stock itself has gained 8.99%. This indicates that despite some short-term volatility, the stock remains resilient in a challenging market environment. However, it is worth noting that investor participation has decreased, with a significant drop in delivery volume, which could impact future price movements. Overall, the combination of strong management efficiency, consistent financial performance, and a favorable comparison to the broader market contributes to the stock's upward price movement.