Why is Indo Amines falling/rising?

As of 18-Jul, Indo Amines Ltd's stock price is currently at 160.50, reflecting a slight increase of 0.2 (0.12%). The stock has shown a trend reversal, gaining after two consecutive days of decline. Despite a recent drop in delivery volume by 30.29% against the 5-day average, the stock has outperformed its sector by 1.15% today. Over the past month, Indo Amines has delivered a return of 8.63%, significantly outperforming the Sensex, which only increased by 0.38%. The company has demonstrated healthy long-term growth, with operating profit rising at an annual rate of 30.27%, and promoters have increased their stake, indicating confidence in the company's future.
Broader Market Context: In the short term, Indo Amines has outperformed the Sensex, which has declined by 0.90% over the past week while Indo Amines fell by only 0.12%. The stock has also shown strong performance over longer periods, with a 5.94% return over the past year compared to the Sensex's 0.51%. This positive performance, combined with the company's rising profits and a favorable PEG ratio of 0.8, suggests that the stock is trading at a discount compared to its peers, contributing to its recent upward movement despite some short-term volatility.