Why is Sudarshan Chem falling/rising?

As of 04-Aug, Sudarshan Chemical Industries Ltd is experiencing a price increase, currently at Rs 1,450.00, reflecting a rise of Rs 35.1 or 2.48%. The stock has shown strong performance, with a 1-week return of 5.99% and a 1-month return of 15.97%, significantly outperforming the benchmark Sensex, which has declined by 2.89% over the same period. Additionally, the stock is trading close to its 52-week high, just 1.31% away, and has outperformed its sector by 1.34% today. However, there are concerns regarding falling investor participation, as delivery volume has decreased by 73.22% compared to the 5-day average. While the company has a strong market presence, accounting for 42.57% of the sector, its long-term growth has been hindered by declining profits and reduced promoter confidence, with a 7.49% decrease in their stake.
In the broader market context, Sudarshan Chemical's recent performance stands in stark contrast to the Sensex, which has shown a minimal increase of 0.16% over the past week. The stock's impressive returns over the past year, at 48.69%, highlight its ability to outperform the market despite the overall economic challenges reflected in the benchmark's performance. However, the company's declining operating profit and net sales growth raise concerns about its sustainability, which could affect investor sentiment moving forward.