Why is Sumitomo Chemi. falling/rising?

As of 03-Jul, Sumitomo Chemical India Ltd is experiencing a price increase, currently at 527.40, reflecting a rise of 2.8 (0.53%). The stock has shown positive momentum, gaining 1.6% over the last two days and outperforming its sector by 0.56%. It reached an intraday high of Rs 543.05, indicating strong trading activity. The stock is also trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, which suggests a bullish trend. Additionally, there has been a significant increase in investor participation, with delivery volume rising by 324.2% compared to the 5-day average. Despite some concerns about long-term growth, the company has a high return on equity (ROE) of 19.61% and a low debt-to-equity ratio, which may contribute positively to investor sentiment.
In the broader market context, Sumitomo Chemical's short-term performance has been favorable compared to the benchmark, with a 1-week return of +2.21% against the Sensex's -0.62%. However, the stock has underperformed on a year-to-date basis, with a return of -1.42% compared to the Sensex's +6.53%. The recent increase in institutional investor participation, which has risen by 1.22% over the previous quarter, indicates growing confidence among more sophisticated investors, potentially bolstering the stock's price. Nonetheless, the company faces challenges such as flat quarterly results and a relatively high valuation compared to its peers, which could temper future growth expectations.