Why is Sumitomo Chemi. falling/rising?

As of 22-Jul, Sumitomo Chemical India Ltd is experiencing a price increase, currently at Rs 592.90, reflecting a rise of Rs 8.05 or 1.38%. The stock has shown strong performance today, outperforming its sector by 1.63% and reaching an intraday high of Rs 597, which is a 2.08% increase. Over the past week, the stock has risen by 4.95%, and it has generated a return of 14.90% over the last year, significantly outperforming the broader market's return of 0.99%. Additionally, the company boasts high management efficiency with a return on equity (ROE) of 19.61% and a low debt-to-equity ratio, which positively influences investor sentiment.
In the broader market context, while the Sensex has shown a slight decline of 0.47% over the past week, Sumitomo Chemical's strong short-term performance highlights its resilience against market trends. Despite a decrease in investor participation, with delivery volume falling by 37.82% against the 5-day average, the stock remains liquid enough for trading. The company's consistent performance above its moving averages further supports its upward trajectory, indicating a favorable outlook compared to the benchmark.