Why is India Glycols falling/rising?

As of 10-Jul, India Glycols Ltd's stock price is currently at Rs 2,074.90, reflecting a decrease of Rs 8.7 or 0.42%. Despite this slight decline, the stock has shown strong performance over the past month, with a return of 10.89%, and an impressive 127.19% increase over the last year. Today's price summary indicates that the stock is trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, suggesting a strong upward trend in the longer term. Additionally, the stock is only 3.1% away from its 52-week high and has seen a significant increase in delivery volume, which rose by 43.31% compared to the 5-day average. Positive financial metrics, such as the highest ROCE and Debtors Turnover Ratio, further support the stock's robust performance, indicating strong operational efficiency.
In the broader market context, India Glycols has outperformed the benchmark Sensex, which has only seen a return of 0.97% over the past month. While the stock has experienced a minor decline today, its long-term performance remains strong, with a 60.47% increase year-to-date and a remarkable 167.92% rise over the past three years. This consistent outperformance against the benchmark highlights investor confidence in India Glycols, despite the current slight dip in price. Overall, the stock's fundamentals and recent performance suggest that it remains a strong hold for investors.