Why is Sumitomo Chemi. falling/rising?

As of 27-Jun, Sumitomo Chemical India Ltd's stock price is currently at 521.05, reflecting an increase of 5.05 (0.98%). The stock has shown positive momentum, gaining 2.64% over the last two days and outperforming its sector by 0.79% today. It reached an intraday high of Rs 530, indicating strong trading activity. However, despite these gains, the stock has a year-to-date decline of 2.61%. Positive factors contributing to the stock's rise include high management efficiency with a return on equity (ROE) of 19.61%, a low debt-to-equity ratio, and increasing participation from institutional investors, who have raised their stake by 1.22% in the last quarter. Conversely, concerns about long-term growth persist due to flat quarterly results and a relatively high valuation compared to peers, which may temper investor enthusiasm.
Broader market context indicates that while Sumitomo Chemical has outperformed the Sensex by 6.10% over the past week, it has underperformed on a year-to-date basis, with the Sensex gaining 7.58%. The stock's recent performance may be buoyed by short-term trading dynamics and institutional interest, but the overall market sentiment remains cautious due to the company's slower growth rates and high valuation metrics. This juxtaposition of short-term gains against long-term concerns reflects a complex market environment for Sumitomo Chemical India Ltd.