Why is Ideal Technopl. falling/rising?

As of 07-Nov, Ideal Technoplast Industries Ltd is experiencing a price increase, currently at Rs 216.00, which reflects a rise of Rs 6.0 or 2.86%. The stock has shown strong performance recently, with a 1-week return of +6.96% and a 1-month return of +7.20%. It is also trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a positive trend. Additionally, there has been a significant increase in investor participation, with delivery volume rising by 296.55% against the 5-day average. The stock is close to its 52-week high, just 2.31% away from Rs 221, which further reflects investor confidence.
In the broader market context, while the Sensex has declined by 0.89% over the past week, Ideal Technoplast's performance stands out positively, outperforming the benchmark by a considerable margin. Year-to-date, the stock has surged by 83.83%, significantly outpacing the Sensex's 7.81% increase. This strong performance relative to the market suggests that investor sentiment towards Ideal Technoplast is robust, likely driven by its solid fundamentals and increasing trading activity.