Why is Bonlon Industrie falling/rising?

As of 17-Oct, Bonlon Industries Ltd's stock price is rising, currently at Rs 55.92, reflecting an increase of Rs 1.78 or 3.29%. The stock has recently hit a new 52-week high of Rs 57.5 and has been on a positive trajectory, gaining for the last eight days with a total return of 39.7% during this period. Additionally, the company has reported impressive financial growth, including a 730.23% increase in net profit and a 29.20% rise in net sales over the last six months. Despite a slight decline in delivery volume, the stock is outperforming its sector by 4.38% today and is trading above all key moving averages, indicating strong momentum.
In the broader market context, Bonlon Industries has significantly outperformed the benchmark, generating a 60.00% return over the past year compared to the BSE500's mere 0.54%. This stark contrast highlights the stock's robust performance relative to the market. Furthermore, the stock's 1-week return of 19.79% and 1-month return of 36.99% further emphasize its strength in the current market environment, suggesting that investor sentiment remains positive despite some signs of reduced participation.