Why is SPIC falling/rising?

As of 30-Jun, Southern Petrochemical Industries Corporation Ltd. is experiencing a price increase, currently at Rs 92.80, which reflects a rise of Rs 3.63 or 4.07%. The stock has shown strong performance recently, having outperformed its sector by 1.92% today and has been on a consecutive gain streak for the last two days, accumulating a total return of 4.6% during this period. Additionally, the stock is trading close to its 52-week high, just 3.99% away from Rs 96.5. Over the past week, the stock has gained 10.32%, significantly outperforming the Sensex, which only increased by 2.09%. However, there has been a notable decline in investor participation, with delivery volume dropping by 49.31% against the five-day average, which could indicate a potential concern for liquidity moving forward.
In the broader market context, the stock's short-term performance has outpaced the benchmark, with a 10.32% increase over the past week compared to the Sensex's 2.09% rise. The company has demonstrated a strong ability to service its debt, as evidenced by a low Debt to EBITDA ratio of 1.18 times, and it has an attractive valuation with a return on capital employed (ROCE) of 13.2. Institutional investors have also shown increasing interest, raising their stake by 3.16% in the last quarter, which suggests confidence in the company's fundamentals. Despite a slight decline in profits over the past year, the stock has consistently outperformed the BSE 500 over various time frames, indicating a robust long-term performance that supports its recent price rise.