Why is Sumitomo Chemi. falling/rising?

As of 30-Jul, Sumitomo Chemical India Ltd's stock price is rising, currently at Rs. 652.80, reflecting an increase of Rs. 47.7 or 7.88%. The stock has recently hit a new 52-week high of Rs. 660 and has outperformed its sector by 6.84%. Over the past two days, it has gained 12.16%, and it is trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages. Additionally, there has been a significant increase in investor participation, with delivery volume rising by 109.66% compared to the 5-day average. The company also boasts a high return on equity (ROE) of 19.61% and a low debt-to-equity ratio, contributing to its strong performance despite broader market challenges.
In the broader market context, the stock has demonstrated impressive returns compared to the benchmark, with a 1-week return of +10.27% against the Sensex's -1.50% and a 1-month return of +23.24% compared to the benchmark's -2.54%. This trend indicates that while the overall market has been struggling, Sumitomo Chemical India Ltd has managed to thrive, generating a 25.83% return over the past year when the BSE500 has seen negative returns of -2.34%. This resilience in performance highlights the company's strong fundamentals and market position, contributing to the upward movement in its stock price.