Why is Sh. Jagdamba Pol falling/rising?

As of 02-Sep, Shri Jagdamba Polymers Ltd's stock price is currently at 960.00, reflecting an increase of 7.3, or 0.77%. The stock has shown a trend reversal, gaining after four consecutive days of decline. Despite today's performance, which underperformed the sector by 0.52%, the stock has demonstrated resilience with a year-to-date return of 26.54% compared to a mere 2.58% for the Sensex. Key factors contributing to this positive movement include high management efficiency indicated by a return on capital employed (ROCE) of 23.10%, a low debt-to-equity ratio of 0.09, and consistent positive results over the last six quarters, with net sales growing by 24.00% and profit after tax (PAT) at Rs 40.54 crore.
In the broader market context, the stock's recent performance contrasts with the benchmark, as it has outperformed the BSE500, which has seen negative returns of -4.82% over the past year. While the stock has faced short-term challenges, its long-term growth trajectory remains strong, evidenced by a remarkable 353.90% increase over the past five years. The rising investor participation, with a significant increase in delivery volume, further supports the stock's upward movement, indicating renewed interest among investors despite recent fluctuations.