Why is Ideal Technopl. falling/rising?

As of 16-Jul, Ideal Technoplast Industries Ltd is experiencing a significant rise in its stock price, currently at Rs. 157.45, reflecting an increase of Rs. 15.2 or 10.69%. The stock has recently hit a new 52-week and all-time high of Rs. 159, indicating strong upward momentum. Additionally, it has outperformed its sector by 10.7% today. The stock is trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, suggesting a robust bullish trend. Furthermore, there has been a notable increase in investor participation, with delivery volume rising by 775% compared to the 5-day average, which indicates heightened interest and confidence among investors.
In the broader market context, Ideal Technoplast's performance over the past week shows a return of +14.30%, significantly outperforming the Sensex, which has declined by 1.04%. Over the past month, the stock has gained +19.28%, while the Sensex has only increased by 1.06%. Year-to-date, Ideal Technoplast has achieved a remarkable return of +34.00%, compared to the Sensex's +6.63%. This strong performance relative to the benchmark highlights the stock's resilience and attractiveness in the current market environment.