Why is IFB Agro Inds. falling/rising?

As of 24-Oct, IFB Agro Industries Ltd is experiencing a price increase, currently at Rs. 1,146.00, reflecting a rise of Rs. 108.25 or 10.43%. The stock reached a new 52-week and all-time high of Rs. 1,175 today, indicating strong upward momentum. Despite opening with a loss of 2.1%, it touched an intraday high of Rs. 1,175, showcasing significant volatility with a wide trading range of Rs. 159. The stock has outperformed its sector by 10.9% today and has shown impressive returns over various periods, including a 96.25% increase year-to-date and a 112.22% increase over the past year. Additionally, the stock is trading above all key moving averages, which suggests a bullish trend. There is also rising investor participation, as evidenced by an 8.58% increase in delivery volume compared to the 5-day average.
In the broader market context, IFB Agro Industries Ltd has significantly outperformed the benchmark Sensex, which only increased by 0.31% over the past week, while IFB's stock rose by 18.94%. Over the past month, IFB's stock has gained 35.65%, compared to the Sensex's 3.05% increase, further highlighting its strong performance relative to the market. This substantial outperformance indicates that investor sentiment towards IFB Agro Industries Ltd remains positive, contributing to the stock's rising price.