Why is Sumitomo Chemi. falling/rising?

As of 02-Sep, Sumitomo Chemical India Ltd's stock price is currently at Rs 573.40, reflecting an increase of Rs 4.55 or 0.8%. The stock has shown a positive performance today, outperforming its sector by 0.71% and has been on a gaining streak for the last two days, accumulating a total return of 2.28%. However, it did experience an intraday low of Rs 551.9, indicating some volatility. Over the past week, the stock has increased by 0.34%, while its performance over the last month shows a decline of 9.05%. Despite this, the stock has delivered a year-to-date return of 7.18%, significantly outperforming the broader market, which has only seen a 2.58% increase. The company boasts high management efficiency with a return on equity of 19.61% and a low debt-to-equity ratio, which are positive indicators for its financial health.
Broader Market Context: In the context of the broader market, the stock's recent performance contrasts with the Sensex, which has declined by 0.78% over the past week. While the stock has faced challenges in the short term, it has managed to generate a return of 11.92% over the past year, significantly outperforming the negative returns of -2.91% seen in the Sensex. This resilience in the face of broader market downturns suggests that the stock may be viewed favorably by investors, despite a recent drop in delivery volume and liquidity concerns. Overall, the combination of strong management performance and a solid historical return profile contributes to the stock's current upward movement.