Why is Indo Borax & Ch. falling/rising?

As of 04-Aug, Indo Borax & Chemicals Ltd is experiencing a price increase, currently at Rs 295.00, which reflects a rise of Rs 12.75 or 4.52%. The stock has shown strong performance recently, gaining 12.53% over the last three days and is currently just 2.37% away from its 52-week high of Rs 302. Additionally, the stock has outperformed the sector by 3.94% today. Over the past year, it has generated a remarkable return of 55.67%, and in the last three years, it has outperformed the BSE500 index significantly, with a return of 137.71%. The company also maintains a low debt-to-equity ratio, which is favorable for its financial health.
In the broader market context, Indo Borax's short-term performance has been notably strong, with a 6.17% increase over the past week, contrasting sharply with the Sensex, which has only risen by 0.16% in the same period. This indicates that the stock is not only performing well on its own but is also gaining traction relative to the overall market. Despite a recent decline in investor participation, as evidenced by a significant drop in delivery volume, the stock remains liquid enough for trading, suggesting continued interest from investors. Overall, the combination of strong historical performance, favorable financial metrics, and recent price movements contributes to the stock's upward trajectory.