Why is Sudarshan Chem falling/rising?

As of 28-Jul, Sudarshan Chemical Industries Ltd is experiencing a significant rise in its stock price, currently at 1,368.05, reflecting an increase of 121.55 or 9.75%. The stock has recently hit a new 52-week and all-time high of Rs 1,469, outperforming its sector by 6.8% today. It has shown strong performance over various periods, with a 50.05% return over the past year and a remarkable 198.73% increase over the last three years. However, despite this impressive performance, there are concerns regarding long-term growth, as net sales and operating profit have grown at lower rates of 10.92% and 3.32%, respectively, over the last five years, and profits have fallen by 39.2% over the past year.
In the broader market context, Sudarshan Chemical's short-term performance stands in stark contrast to the benchmark Sensex, which has declined by 1.59% over the past week and 3.77% over the past month. The stock's strong upward movement is further supported by rising investor participation, with a notable increase in delivery volume. However, the reduction in promoter confidence, indicated by a 7.49% decrease in their stake, raises questions about the company's future prospects. Overall, while the stock is currently rising due to its strong performance metrics and market position, underlying concerns about growth and profitability may temper investor enthusiasm.