Why is Bonlon Industrie falling/rising?

As of 15-Oct, Bonlon Industries Ltd's stock price is rising, currently at Rs. 53.00, reflecting an increase of Rs. 2.44 or 4.83%. The stock has reached a new 52-week high today and has been on a positive trajectory, gaining for the last six consecutive days with a total return of 32.4% during this period. Additionally, the stock has outperformed its sector by 3.17%. Over the past week, it has shown a remarkable return of 31.97%, while year-to-date, it has increased by 48.83%. The company's strong financial performance, including a net profit growth of 730.23% and significant increases in net sales and PBDIT, has contributed positively to investor sentiment.
In the broader market context, Bonlon Industries has significantly outperformed the benchmark, the BSE500, which has seen negative returns of -1.87% over the past year, while Bonlon has achieved a return of 46.73%. This stark contrast highlights the stock's resilience and attractiveness to investors, particularly in light of its recent strong performance metrics and rising investor participation, evidenced by a 158.13% increase in delivery volume. The stock's liquidity and consistent trading above its moving averages further support its upward momentum, indicating a favorable outlook amidst a generally challenging market environment.