Why is Ideal Technopl. falling/rising?

As of 04-Aug, Ideal Technoplast Industries Ltd is experiencing a price increase, currently at Rs. 191.00, which reflects a rise of Rs. 13.0 or 7.3%. The stock has recently hit a new 52-week and all-time high of Rs. 201.5 today. It has outperformed its sector by 6.31% and is trading above all key moving averages, including the 5-day, 20-day, 50-day, 100-day, and 200-day averages. Additionally, there has been a notable increase in investor participation, with delivery volume rising by 17.65% against the 5-day average. The stock's performance over the past week shows a return of +12.35%, significantly outpacing the Sensex, which only gained +0.17%.
In the broader market context, Ideal Technoplast's strong performance over the past month, with a return of +44.70%, contrasts sharply with the Sensex's decline of -2.90%. This indicates that the stock is not only gaining traction but is also resilient compared to the overall market. The liquidity of the stock is adequate, allowing for trades of significant size, which further supports its upward movement. Overall, the combination of strong recent performance, positive investor sentiment, and favorable trading conditions contributes to the stock's rising price.