Why is Sumitomo Chemi. falling/rising?

As of 17-Sep, Sumitomo Chemical India Ltd is experiencing a price increase, currently at Rs 568.70, reflecting a rise of Rs 14.45 or 2.61%. The stock has outperformed its sector today by 1.62%, reaching an intraday high of Rs 571, which is a 3.02% increase. Despite a slight decline in the past week and month, the year-to-date performance shows a positive growth of 6.30%. The company's strong fundamentals, including a high return on equity of 19.61% and a low debt-to-equity ratio, contribute positively to its stock movement. Additionally, the significant rise in delivery volume by 49.86% against the 5-day average indicates increased investor interest.
In the broader market context, the stock's recent performance contrasts with the benchmark Sensex, which has gained 1.56% over the past week and 2.60% over the past month. While Sumitomo Chemical has underperformed the benchmark in the short term, its year-to-date performance is slightly better than the Sensex. The overall market sentiment appears to be favorable, as indicated by the stock's liquidity and the positive results reported in June, which have likely bolstered investor confidence despite the recent fluctuations.