Why is Sumitomo Chemi. falling/rising?

As of 22-Aug, Sumitomo Chemical India Ltd's stock price is currently at Rs 597.55, reflecting an increase of 3.35 (0.56%). The stock has been on an upward trend, gaining for the last four consecutive days and achieving a total return of 3% during this period. It reached an intraday high of Rs 608.95, indicating strong performance. However, there is a noted decline in investor participation, with delivery volume falling by 31.08% compared to the five-day average. Despite this, the company exhibits high management efficiency with a return on equity (ROE) of 19.61% and a low debt-to-equity ratio, which supports its positive price movement. The stock has outperformed the broader market, generating a return of 10.20% over the past year while the market has seen negative returns.
In the broader market context, the stock's short-term return of 1.97% over the past week surpasses the Sensex's return of 0.88%, indicating a strong relative performance. While the stock has shown resilience and growth, it is important to note that its long-term growth prospects may be limited, with net sales growing at an annual rate of only 6.60% over the past five years. Additionally, the stock is trading at a premium valuation compared to its peers, which could pose risks if market conditions change. Overall, the combination of strong recent performance and solid financial metrics contributes to the stock's rising price, despite some underlying concerns regarding long-term growth and valuation.