Why is India Glycols falling/rising?

As of 30-Jun, India Glycols Ltd's stock price is rising, currently at Rs. 2,057.05, reflecting an increase of Rs. 17.05 or 0.84%. The stock has recently reached a new 52-week and all-time high of Rs. 2,139.3, indicating strong upward momentum. Over the past week, the stock has outperformed the Sensex with a return of 11.34% compared to the benchmark's 2.09%. Additionally, the stock has shown impressive long-term performance, with a year-to-date return of 59.09% and a remarkable 133.33% increase over the past year. Positive financial metrics, such as the highest Return on Capital Employed (ROCE) at 10.25% and a strong Debtors Turnover Ratio of 22.72 times, further bolster investor confidence in the stock.
In the broader market context, while India Glycols has significantly outperformed the Sensex in both the short and long term, the stock's recent rise comes amidst a decline in investor participation, with delivery volume dropping by 45.17% against the 5-day average. Despite this, the stock remains liquid enough for substantial trades, indicating ongoing interest. The overall market has shown positive trends, but India Glycols' exceptional performance, particularly in comparison to the benchmark, highlights its strong position in the market.