Why is Sh. Jagdamba Pol falling/rising?

As of 11-Sep, Shri Jagdamba Polymers Ltd is experiencing a price increase, currently at Rs 914.60, reflecting a rise of 6.7 points or 0.74%. Today's price summary indicates that the stock has outperformed its sector by 0.56% and has shown a trend reversal after four consecutive days of decline, reaching an intraday high of Rs 935. Despite a negative performance over the past week and month, with declines of 5.02% and 3.86% respectively, the stock has demonstrated strong year-to-date growth of 20.56%. The company has maintained high management efficiency, evidenced by a return on capital employed (ROCE) of 23.10%, and has a low debt-to-equity ratio of 0.09 times. Additionally, positive financial results over the last six quarters, including a 24% growth in net sales and a higher profit after tax, contribute to the stock's recent upward movement.
In the broader market context, while the Sensex has shown a modest increase of 1.03% over the past week, Shri Jagdamba Polymers Ltd's short-term performance has lagged behind this benchmark. However, the stock's year-to-date performance significantly outpaces the Sensex, which has only increased by 4.36%. The rising investor participation, with delivery volume increasing by 88.59% against the five-day average, suggests growing interest in the stock, which may further support its price movement. Overall, while the stock has faced recent challenges, its strong fundamentals and positive market activity are contributing to its current rise.