Why is Indo Amines falling/rising?

As of 07-Jul, Indo Amines Ltd's stock price is currently at Rs 168.60, reflecting an increase of Rs 2.6 or 1.57%. The stock has shown a trend reversal, gaining after three consecutive days of decline, and it outperformed its sector by 1.82% today. Additionally, the stock reached an intraday high of Rs 176, marking a 6.02% increase. Over the past month, Indo Amines has generated a return of 10.27%, significantly outperforming the Sensex, which only rose by 1.53%. The company's healthy long-term growth is underscored by a 30.27% annual increase in operating profit, and the recent increase in promoter stake by 1.12% indicates rising confidence in the company's future.
Broader market context shows that while Indo Amines has experienced a slight decline of 0.53% over the past week, it has outperformed the Sensex, which fell by 0.20%. The stock's long-term performance is strong, with a 22.31% return over the past year compared to the Sensex's 4.31%. Despite a recent drop in investor participation, the stock remains liquid and is trading above all key moving averages, suggesting a positive outlook. Overall, the combination of strong fundamentals, rising promoter confidence, and recent price movements contributes to the stock's upward trajectory.