Why is Vishnu Chemicals falling/rising?

As of 19-Aug, Vishnu Chemicals Ltd is experiencing a price increase, with the current price at Rs 484.00, reflecting a change of 8.35 (1.76%) upward. Today's price summary indicates that the stock has outperformed its sector by 1.61% and has shown a trend reversal, gaining after two consecutive days of decline. The stock reached an intraday high of Rs 486, although it is trading below the 20-day, 50-day, and 100-day moving averages. Despite a decrease in delivery volume by 22% compared to the 5-day average, the stock remains liquid enough for trading. Over the past year, Vishnu Chemicals has generated a return of 9.76%, while its profits have increased by 24.7%, indicating strong fundamentals and a fair valuation compared to peers.
In the broader market context, the stock's performance over the last week shows a decline of 0.36%, while the Sensex has increased by 1.76%, highlighting a relative underperformance in the short term. However, the stock has significantly outperformed the market over the year, achieving a return of 9.76% against the BSE500's negative return of -0.91%. The increasing participation of institutional investors, who have raised their stake by 0.62%, suggests growing confidence in the company's fundamentals, further supporting the stock's upward movement despite recent volatility.