Why is Bonlon Industrie falling/rising?

As of 19-Sep, Bonlon Industries Ltd is experiencing a price increase, currently at 41.45, with a change of 0.87, representing a 2.14% rise. The stock has shown a positive trend today, outperforming its sector by 2.44% and reversing a three-day consecutive decline. It is trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating strong momentum. Additionally, the stock has demonstrated impressive returns over various periods, including a 29.09% increase over the past year, despite the broader market generating negative returns. The company's recent financial performance has been robust, with a net profit growth of 730.23% and significant increases in net sales and profit before depreciation, interest, and taxes (PBDIT), contributing to positive investor sentiment.
In the broader market context, Bonlon Industries has outperformed the benchmark, with a 1-week return of 3.65% compared to the Sensex's 0.88%. This strong performance is particularly noteworthy given that the stock has generated a 16.40% return year-to-date, significantly surpassing the Sensex's 5.74%. The stock's liquidity is also favorable, with a delivery volume increase, indicating rising investor participation. Overall, the combination of strong financial results, positive market performance, and favorable trading conditions has contributed to the stock's upward movement.