Why is Sudarshan Chem falling/rising?

As of 31-Jul, Sudarshan Chemical Industries Ltd is experiencing a price increase, currently at Rs 1,436.05, reflecting a rise of 23.4 points or 1.66%. The stock has shown strong performance recently, gaining 15.21% over the last four days and outperforming its sector by 1.77% today. It is also close to its 52-week high, being only 2.29% away from Rs 1,469. Despite opening lower today with a -3.96% loss, the stock reached an intraday high of Rs 1,460, indicating volatility but overall positive momentum. Over the past year, Sudarshan Chem has generated a return of 53.26%, significantly outperforming the BSE500 index, which has declined by 0.68% in the same period. However, there are concerns regarding its long-term growth, as net sales and operating profit have shown minimal growth rates over the past five years.
In the broader market context, while Sudarshan Chem has performed well in the short term, with a 10.89% increase over the past month compared to a -3.00% decline in the benchmark, the overall market sentiment may be influenced by the company's declining profitability metrics and reduced promoter confidence, as indicated by a -7.49% decrease in promoter stake. This reduction in stake could signal a lack of confidence in the company's future prospects, which may weigh on investor sentiment despite the stock's recent gains. The stock's liquidity remains adequate for trading, but the significant drop in delivery volume suggests a potential decrease in investor participation, which could impact future price movements.