Why is IB Infotech falling/rising?

As of 01-October, IB Infotech Enterprises Ltd is experiencing a price increase, currently at Rs. 295.50, reflecting a rise of 14.05 or 4.99%. The stock has hit a new 52-week and all-time high today, with a performance that has outperformed its sector by 2.51%. Over the past week, the stock has shown impressive gains of 54.59%, and it has consistently traded above its moving averages across various timeframes. Additionally, the company has demonstrated strong management efficiency with a high return on equity of 26.74% and significant growth in net sales at an annual rate of 49.27%. Promoter confidence is also on the rise, as they have increased their stake in the company, indicating a positive outlook for future performance.
In the broader market context, while the stock has surged significantly, the benchmark index, Sensex, has seen a slight decline of 0.90% over the past week. This stark contrast highlights the stock's strong performance, especially as it has generated a remarkable 67.42% return over the past year, while the broader market has faced negative returns of -5.88%. Despite a recent drop in investor participation, the liquidity remains adequate for trading, suggesting that the stock's upward trajectory is supported by solid fundamentals and market confidence, distinguishing it from the broader market trends.