Why is Sumitomo Chemi. falling/rising?

As of 04-Jul, Sumitomo Chemical India Ltd is experiencing a price increase, currently at Rs 535.55, reflecting a rise of 8.15 points or 1.55%. The stock has shown strong performance today, outperforming its sector by 1.81% and achieving a consecutive gain over the last three days, with a total return of 3.27% during this period. Additionally, the stock is trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages. Despite a decline in delivery volume by 27.54% against the 5-day average, the stock has seen increased participation from institutional investors, who have raised their stake by 1.22% in the last quarter, indicating a positive outlook from more resourceful market participants. However, the company faces challenges with poor long-term growth metrics, as evidenced by a low annual growth rate in net sales and operating profit over the past five years.
In the broader market context, Sumitomo Chemical's short-term performance has been favorable compared to the benchmark Sensex, which has declined by 0.74% over the past week while the stock has gained 2.78%. Although the stock has generated an 8.69% return over the past year, it is trading at a premium valuation with a Price to Book Value of 9.2, which may deter some investors. The company's recent financial results have shown significant declines in profit before tax and net sales compared to previous quarters, which could raise concerns about its sustainability in the long run. Overall, while the stock is currently rising due to positive short-term factors and institutional interest, its long-term growth prospects remain uncertain.