Why is Indo Borax & Ch. falling/rising?

As of 09-Jul, Indo Borax & Chemicals Ltd is experiencing a price increase, with the current price at Rs 229.00, reflecting a rise of Rs 10.35 or 4.73%. The stock has shown strong performance today, outperforming its sector by 4.75%, and reached an intraday high of Rs 232, which is a 6.11% increase. Over the past week, the stock has gained 5.75%, and it has also demonstrated impressive returns over longer periods, including a 27.08% increase year-to-date and a 106.96% increase over the past three years. Despite a recent decline in delivery volume, the stock is trading above all key moving averages, indicating a positive trend. The company maintains a low debt-to-equity ratio, which supports its stability and growth potential.
In the broader market context, Indo Borax & Chemicals Ltd has significantly outperformed the Sensex, which only increased by 0.15% over the past week. The stock's strong returns over the last month and year further highlight its robust performance compared to the benchmark. This consistent outperformance in both the short and long term suggests that investor confidence remains high, despite a slight decrease in participation. Overall, the combination of solid financial health, positive market performance, and favorable trading conditions contributes to the stock's rising price.