Why is Sudarshan Chem falling/rising?

As of 29-Jul, Sudarshan Chemical Industries Ltd is experiencing a price increase, currently at Rs 1,410.85, reflecting a rise of Rs 42.8 or 3.13%. The stock has shown strong performance recently, gaining 13.18% over the last two days and outperforming its sector by 1.08%. It is currently trading close to its 52-week high, just 4.12% away from Rs 1,469. The stock has also demonstrated impressive long-term returns, with a 55.12% increase over the past year and a staggering 198.34% over three years. However, despite these positive movements, there are concerns regarding its long-term growth, as net sales and operating profit have seen minimal growth rates over the past five years, and profits have fallen significantly. In the broader market context, Sudarshan Chemical's recent performance stands in stark contrast to the benchmark Sensex, which has declined by 1.03% over the past week and 3.24% over the past month. The stock's ability to outperform the benchmark during this period highlights its strong market position, as it constitutes 40.92% of its sector and has a market cap of Rs 10,749 crore. Nevertheless, the reduction in promoter confidence, with a 7.49% decrease in their stake, raises questions about future prospects, which could impact investor sentiment moving forward.