Why is India Glycols falling/rising?

As of 19-Sep, India Glycols Ltd is experiencing a price increase, currently at Rs 872.60, reflecting a rise of Rs 28.75 or 3.41%. The stock has shown strong performance today, outperforming its sector by 3.74% and achieving a consecutive gain over the last three days with a total return of 4.04%. The stock reached an intraday high of Rs 877.85, and its delivery volume has increased by 14.34% compared to the five-day average, indicating rising investor participation. Additionally, the company has reported positive financial results, including the highest return on capital employed (ROCE) at 11.01% and a significant increase in net sales, which supports the stock's upward movement. However, there are concerns regarding its long-term fundamental strength, as indicated by a relatively low average ROCE of 8.39% and a high debt to EBITDA ratio.
In the broader market context, India Glycols has outperformed the benchmark Sensex, which has only gained 0.88% over the past week, while the stock itself has risen by 3.88%. This trend continues over the longer term, with the stock achieving a year-to-date return of 34.97% compared to the Sensex's 5.74%. Despite the overall market's negative performance over the past year, where the BSE500 has returned -1.96%, India Glycols has managed to generate a substantial 43.46% return, highlighting its strong market position. The increasing participation from institutional investors, who have raised their stake in the company, further supports the stock's positive trajectory amidst the broader market challenges.