Why is Indo Amines falling/rising?

As of 26-Jun, Indo Amines Ltd's stock price is currently at 163.70, reflecting an increase of 0.35, or 0.21%. The stock has been gaining momentum, having risen consecutively for the last three days, resulting in a total return of 10.98% during this period. Additionally, it is trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a positive trend. The stock has also seen a significant increase in investor participation, with delivery volume rising by 975.85% compared to the 5-day average. Despite a year-to-date decline of 3.25%, the stock has outperformed the benchmark in the last year with a return of 32.18%, while profits have increased by 30.7%. Promoter confidence has also strengthened, as they have raised their stake by 1.12%, which suggests a positive outlook for the company's future.
In the broader market context, Indo Amines has outperformed the Sensex over the past week and month, with returns of 14.20% and 14.96%, respectively, compared to the benchmark's 2.94% and 1.92%. This strong performance indicates that the stock is gaining traction relative to the market. The company's healthy long-term growth, evidenced by an annual operating profit growth rate of 30.27% and a favorable PEG ratio of 0.8, further supports its rising stock price. Overall, the combination of positive stock-specific factors, such as rising investor participation and promoter confidence, along with strong relative performance against the benchmark, contributes to the upward movement of Indo Amines Ltd's stock price.