Why is IFB Agro Inds. falling/rising?

As of 08-Oct, IFB Agro Industries Ltd is experiencing a significant rise in its stock price, currently at Rs. 965.00, reflecting an increase of Rs. 64.8 or 7.2%. The stock has recently hit a new 52-week high of Rs. 1018.4 and has been on a positive trajectory, gaining 17.73% over the last five days. It has outperformed its sector by 8.39% today, and the stock is trading above all its moving averages, indicating strong upward momentum. Additionally, there has been a notable increase in investor participation, with delivery volume rising by 21.81% compared to the five-day average, suggesting heightened interest and confidence in the stock.
In the broader market context, IFB Agro Industries Ltd has significantly outperformed the benchmark Sensex, with a one-week return of 12.12% compared to the Sensex's 0.98%. Over the past month, the stock has risen by 20.93%, while the Sensex has only increased by 1.22%. This strong performance relative to the benchmark highlights the stock's robust demand and investor sentiment, contributing to its rising price. Overall, the combination of strong recent performance, increased trading volume, and positive market sentiment has propelled IFB Agro Industries Ltd's stock price upward.