Why is IFGL Refractori. falling/rising?

As of 30-Sep, IFGL Refractories Ltd is experiencing a significant rise in its stock price, currently at Rs 294.90, reflecting an increase of Rs 46.9 or 18.91%. The stock has shown strong performance today, outperforming its sector by 17.28% and marking a trend reversal after two consecutive days of decline. It reached an intraday high of Rs 297.6, indicating robust trading activity within a wide range of Rs 50.6. Over the past week, the stock has gained 15.42%, and year-to-date, it has increased by 28.51%. Additionally, the company maintains a low debt-to-equity ratio of 0.01 times, which is favorable and likely contributes to investor confidence.
In the broader market context, while IFGL Refractories has shown impressive short-term returns, the benchmark Sensex has declined by 2.23% over the past week. This stark contrast highlights the stock's resilience and strong performance relative to the market. Despite a decrease in investor participation, with delivery volume falling by 62.13% against the 5-day average, the stock remains liquid enough for trading. Overall, the combination of positive stock-specific factors and the stock's ability to outperform the benchmark suggests a strong upward momentum for IFGL Refractories Ltd.