Why is Sumitomo Chemi. falling/rising?

As of 30-Jun, Sumitomo Chemical India Ltd is experiencing a price increase, currently at 529.70, reflecting a rise of 8.65 or 1.66%. The stock has shown strong performance today, outperforming its sector by 1.14% and achieving consecutive gains over the last three days with a total return of 3.6%. Additionally, the stock is trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a positive trend. The rising investor participation is notable, with a significant increase in delivery volume by 78.7% compared to the 5-day average. While the company has a high management efficiency with a return on equity (ROE) of 19.61% and a low debt-to-equity ratio, concerns about long-term growth persist due to modest net sales growth and recent declines in quarterly profits.
In the broader market context, Sumitomo Chemical's short-term return of 4.85% over the past month outpaces the Sensex's return of 2.65%, suggesting that the stock is performing well relative to the market. However, it is important to note that the stock has underperformed year-to-date with a decline of 0.99% compared to the Sensex's gain of 7.00%. The recent increase in institutional investor participation, which has risen by 1.22% over the previous quarter, may also contribute positively to the stock's momentum, as these investors typically have more resources to analyze company fundamentals. Despite the positive short-term indicators, the stock's high valuation and flat quarterly results may pose challenges for sustained growth.