Why is India Glycols falling/rising?

As of 04-Jul, India Glycols Ltd's stock price is rising, currently at Rs 2,111.40, reflecting an increase of Rs 31.15 or 1.5%. The stock has shown strong performance, being only 1.32% away from its 52-week high of Rs 2,139.3. It has outperformed its sector by 1.66% today and has consistently traded above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages. Over the past week, the stock has gained 3.50%, and it has delivered impressive returns of 131.98% over the last year, indicating robust growth and market confidence. Positive financial results, including the highest Return on Capital Employed (ROCE) and Debtors Turnover Ratio, further support the stock's upward movement.
In the broader market context, while the Sensex has declined by 0.74% over the past week, India Glycols has managed to outperform this benchmark significantly. The stock's year-to-date return of 63.29% and a remarkable 173.43% increase over the past three years highlight its strong market position. Despite a recent decline in investor participation, with delivery volume down by 64.83% against the 5-day average, the stock remains liquid enough for trading. Overall, the combination of strong financial performance and market-beating returns contributes to the stock's rising price.