Why is India Glycols falling/rising?

As of 12-Nov, India Glycols Ltd's stock price is rising, currently at 1,049.05, reflecting an increase of 53.0 or 5.32%. The stock has shown strong performance, with a 1-week return of 3.35% and a 1-month return of 12.09%, significantly outperforming the Sensex, which has returned 1.21% and 2.38% over the same periods, respectively. Additionally, the stock is trading above all its moving averages, indicating a bullish trend. However, there has been a notable decline in investor participation, with delivery volume dropping by 67.84% compared to the 5-day average. Despite this, the company has reported positive financial metrics, including the highest return on capital employed and net sales in its latest quarter, contributing to its strong market performance.
In the broader market context, India Glycols has consistently outperformed the benchmark indices over various timeframes, including a remarkable 82.59% return over the past year compared to the Sensex's 7.36%. This long-term outperformance, coupled with the stock's recent gains, suggests a strong investor sentiment towards the company. The stock's liquidity remains adequate for trading, which supports its price stability. Overall, the combination of solid financial results and a favorable market position has contributed to the stock's upward movement, despite the recent decline in trading volume.