Why is Bonlon Industrie falling/rising?

As of 13-Oct, Bonlon Industries Ltd is experiencing a price increase, currently at Rs 49.95, which reflects a rise of Rs 3.27 or 7.01%. The stock has recently hit a new 52-week high of Rs 50.4 and has shown strong performance, gaining 24.78% over the last four days. Despite opening with a loss of 2.16% today, the stock reached an intraday high of Rs 50.4 and has outperformed its sector by 6.14%. Over the past week, Bonlon Industries has delivered a remarkable return of 24.47%, significantly outpacing the Sensex's 0.66% increase. The company's impressive financial results, including a net profit growth of 730.23% and a substantial increase in net sales, have positively influenced investor sentiment and contributed to the stock's upward momentum.
In the broader market context, while the BSE500 index has generated negative returns of -1.73% over the past year, Bonlon Industries has managed to achieve a return of 35.96%, showcasing its resilience and market-beating performance. The stock's strong liquidity, indicated by a significant increase in delivery volume, further supports its rising price. Additionally, Bonlon Industries is trading above its moving averages, which suggests a bullish trend. Overall, the combination of strong financial performance, positive investor participation, and favorable market conditions has contributed to the stock's rise.