Why is Vishnu Chemicals falling/rising?

As of 24-Jul, Vishnu Chemicals Ltd is experiencing a price increase, with its current price at Rs 501.40, reflecting a rise of Rs 3.4 or 0.68%. The stock has shown a positive performance today, outperforming its sector by 0.83% and has gained consecutively over the last two days, with a total return of 0.91% during this period. It reached an intraday high of Rs 510, indicating strong trading activity. Despite a decline of 7.83% over the past month, the stock has performed well year-to-date with a return of 26.11% and has shown impressive long-term growth, with a staggering 1775.09% increase over the last five years. The company benefits from high management efficiency, with a return on capital employed (ROCE) of 18.45%, and positive financial results, including a 51.25% growth in profit after tax over the latest six months.
In the broader market context, while the Sensex has seen a slight decline of 0.09% over the past week, Vishnu Chemicals has maintained its upward trajectory, showcasing its resilience against market fluctuations. The stock's performance has been bolstered by increasing participation from institutional investors, who have raised their stake by 0.62% in the last quarter, indicating confidence in the company's fundamentals. This growing interest, combined with the stock's ability to outperform the benchmark indices over various time frames, suggests a strong position in the market, contributing to its rising price.