Why is Vinati Organics falling/rising?

As of 17-Jul, Vinati Organics Ltd is experiencing a price increase, currently at 1,996.05, reflecting a rise of 22.4 or 1.13%. The stock has shown strong performance recently, outperforming its sector by 0.88% today and achieving a consecutive gain over the last four days, with a total return of 3.48% in that period. Additionally, the stock is trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages. The company has demonstrated high management efficiency with a return on equity (ROE) of 16.68% and has reported positive quarterly results, including the highest net sales and operating profit margins. However, concerns about long-term growth persist, as the operating profit has only grown at an annual rate of 12.30% over the last five years, and the stock is considered expensive with a high price-to-book value ratio.
In the broader market context, Vinati Organics has outperformed the Sensex over the past week and month, with returns of +1.83% and +4.51%, respectively, while the Sensex has declined by 1.12% and increased by only 0.83%. Year-to-date, the stock has also outperformed the benchmark, with a return of +10.90% compared to the Sensex's +5.27%. This strong relative performance indicates that investor sentiment towards Vinati Organics remains positive despite broader market fluctuations. The significant increase in delivery volume, which rose by 459.13% against the 5-day average, further suggests rising investor participation and confidence in the stock's potential.