Why is Indo Borax & Ch. falling/rising?

As of 22-Jul, Indo Borax & Chemicals Ltd is experiencing a price increase, currently at Rs 243.00, which reflects a rise of 1.95 (0.81%). The stock has shown strong performance, with a 1-week return of +2.42% and a remarkable +21.32% over the past month. Despite touching an intraday low of Rs 234.95, the stock is trading above its moving averages across various time frames, indicating a positive trend. However, there has been a notable decline in investor participation, with delivery volume falling by 47.59% compared to the 5-day average. The company maintains a low debt-to-equity ratio, which is favorable, and its long-term performance has outpaced the BSE500 index, generating a 28.20% return over the last year.
In the broader market context, Indo Borax & Chemicals Ltd has outperformed the Sensex, which has seen a decline of 0.47% over the past week. The stock's strong performance in both the short and long term, coupled with its ability to generate substantial returns compared to the benchmark, suggests that it is attracting investor interest despite the recent drop in delivery volumes. This combination of factors indicates a resilient stock performance in a challenging market environment, contributing to its rising price.