Why is India Glycols falling/rising?

As of 17-Nov, India Glycols Ltd's stock is rising, with a current price of Rs 1,099.50, reflecting an increase of Rs 63.0 or 6.08%. The stock has recently hit a new 52-week high of Rs 1,134.6 and has outperformed its sector by 5.73%. It opened with a gain of 2.07% today and has shown a trend reversal after two days of consecutive declines. Over the past week, the stock has gained 9.65%, and it has delivered impressive returns of 89.24% over the last year, significantly outperforming the BSE500 index. The company has also reported positive financial results for the last three consecutive quarters, with a notable growth in profit after tax and the highest return on capital employed.
In the broader market context, India Glycols' short-term performance has significantly outpaced the Sensex, which has only increased by 1.69% over the past week. This strong performance is indicative of the company's robust fundamentals and market confidence, as evidenced by its long-term returns of 176.36% over three years and 671.85% over five years. However, there is a noted decline in investor participation, with delivery volume falling by 33.46% against the five-day average, which could suggest a potential concern for future liquidity. Despite this, the stock remains liquid enough for trading, further supporting its upward price movement.