Why is India Glycols falling/rising?

As of 22-Sep, India Glycols Ltd's stock price is rising, currently at 877.45, with an increase of 4.85 (0.56%). The stock has shown strong performance recently, gaining 4.44% over the last four days and outperforming its sector by 1.22% today. It reached an intraday high of Rs 893.8, indicating positive momentum. Over the past year, the stock has delivered a remarkable return of 40.20%, significantly outperforming the broader market, which has seen negative returns of -2.82%. Positive factors contributing to this rise include strong financial results, such as the highest recorded ROCE at 11.01% and a significant increase in institutional investor participation, which has risen by 1.67% in the last quarter.
In the broader market context, India Glycols has outperformed the benchmark Sensex, which has only increased by 0.46% over the past week, while the stock itself has risen by 4.36%. This trend highlights the stock's resilience and attractiveness to investors, especially in a market that has been underperforming. Despite some concerns regarding long-term fundamental strength and high debt levels, the recent positive financial indicators and increased institutional interest suggest a favorable outlook for the stock in the short term.