Why is Sumitomo Chemi. falling/rising?

As of 29-Jul, Sumitomo Chemical India Ltd is experiencing a price increase, currently at Rs 605.10, reflecting a rise of Rs 23.05 or 3.96%. The stock has shown a notable performance today, outperforming its sector by 3.54% and gaining after four consecutive days of decline. It is currently trading close to its 52-week high, just 3.78% away from Rs 628. Additionally, the stock has demonstrated strong returns over various periods, with a 1-month increase of 16.13% and a 1-year increase of 13.44%, despite the broader market (BSE500) showing negative returns. The company benefits from high management efficiency, evidenced by a return on equity (ROE) of 19.61%, and maintains a low debt-to-equity ratio, which supports its positive price movement.
In the broader market context, Sumitomo Chemical's short-term return of 2.06% over the past week contrasts sharply with the Sensex, which has declined by 1.03% during the same period. This indicates that the stock is not only resilient but also gaining traction against a backdrop of market weakness. The rising investor participation, with a 14.83% increase in delivery volume, further underscores the stock's appeal among investors. Overall, the combination of strong performance metrics, effective management, and favorable trading conditions contributes to the stock's upward trajectory.