Why is Ultramarine Pig. falling/rising?

As of 16-Jul, Ultramarine & Pigments Ltd is experiencing a price increase, currently at 552.90, reflecting a rise of 18.9 or 3.54%. The stock has shown strong performance recently, gaining 8.75% over the last three days and outperforming its sector by 2.88%. It has also consistently traded above its moving averages across various time frames, indicating positive momentum. The company has reported impressive financial results, including a 56.58% growth in net profit and a significant increase in net sales, which have contributed to its favorable valuation and attractiveness to investors. However, there is a concern regarding the falling investor participation, as evidenced by a decrease in delivery volume.
In the broader market context, Ultramarine & Pigments Ltd has outperformed the benchmark, with a 1-week return of 7.26% compared to a decline of 1.08% in the Sensex. Over the past year, the stock has generated a return of 27.54%, significantly higher than the market's average return of 0.47%. This strong performance relative to the benchmark highlights the company's resilience and appeal, despite some risks such as poor long-term growth prospects and low domestic mutual fund interest. Overall, the stock's recent upward movement can be attributed to its solid financial performance and favorable market conditions.