Why is SPIC falling/rising?

As of 28-Jul, Southern Petrochemical Industries Corporation Ltd. is currently priced at Rs. 97.49, reflecting a decrease of Rs. 1.21 or 1.23%. The stock has recently reached a new 52-week high of Rs. 100.65 but has experienced a trend reversal, falling after five consecutive days of gains. Despite this decline, the stock has outperformed its sector by 0.26% today. Over the past week, it has shown a strong return of 15.30%, while the Sensex has decreased by 1.59%. Additionally, the stock has demonstrated impressive long-term performance, with a year-to-date return of 32.98% compared to the Sensex's 3.52%. The company maintains a low Debt to EBITDA ratio of 1.18, indicating a strong ability to service debt, and has seen increased participation from institutional investors, which may positively influence its stability and growth prospects.
In the broader market context, the stock's recent performance contrasts sharply with the benchmark, as it has generated a 15.30% return over the past week while the Sensex has declined. This significant outperformance highlights the stock's resilience and attractiveness to investors, particularly in light of its strong fundamentals and valuation metrics. However, the recent profit decline of 3.7% over the past year may be a concern for some investors. Overall, while the stock is currently experiencing a slight decline, its long-term performance and institutional interest suggest a generally positive outlook in the context of the broader market.