Why is Sumitomo Chemi. falling/rising?

As of 01-Sep, Sumitomo Chemical India Ltd is experiencing a price increase, currently at 568.85, reflecting a rise of 8.25 or 1.47%. Today's price summary indicates that the stock has outperformed its sector by 0.85% and has gained after four consecutive days of decline. Despite a recent drop in delivery volume by 11.43% against the five-day average, the stock remains liquid enough for trading. Over the past year, it has generated a return of 11.67%, significantly outperforming the broader market, which has seen negative returns of -2.43%. The company also boasts high management efficiency with a return on equity of 19.61% and a low debt-to-equity ratio, which supports its stable financial position.
In the broader market context, while the stock has faced a decline of 2.89% over the past week, it has still managed to outperform the benchmark index, the Sensex, which fell by 1.56% during the same period. This indicates that despite short-term volatility, the stock's long-term performance remains strong, particularly with a year-to-date return of 6.33% compared to the Sensex's 2.85%. The positive financial results reported for June, including significant growth in profit before tax and profit after tax, further bolster investor confidence, suggesting that the stock's recent upward movement may be a response to its solid fundamentals amidst a challenging market environment.