Why is SPIC falling/rising?

As of 25-Aug, Southern Petrochemical Industries Corporation Ltd. is experiencing a price increase, currently at 111.28, reflecting a rise of 0.8 or 0.72%. The stock has shown strong performance recently, outperforming its sector by 1.33% today and achieving consecutive gains over the last two days with a total return of 0.76%. Over the past week, the stock has risen by 9.67%, and it has also demonstrated impressive long-term growth, with a year-to-date return of 51.79%. The company benefits from a low Debt to EBITDA ratio of 1.18, indicating a strong ability to service its debt, and it has reported significant growth in net sales and profits in its recent quarterly results. Additionally, institutional investors have increased their stake in the company, suggesting confidence in its fundamentals.
In the broader market context, the stock's performance has significantly outpaced the benchmark, with a 1-week return of 9.67% compared to the Sensex's 0.45%. This trend of outperformance is consistent over various periods, including a 12.75% return over the past month and a remarkable 420% increase over the last five years, compared to the benchmark's 110.16%. Despite a recent decline in delivery volume, which fell by 65.1% against the 5-day average, the stock remains liquid enough for trading, indicating ongoing interest. Overall, the combination of strong financial metrics, increasing institutional participation, and consistent outperformance against market benchmarks contributes to the stock's rising price.