Why is Indo Borax & Ch. falling/rising?

As of 27-Oct, Indo Borax & Chemicals Ltd is experiencing a price increase, currently at Rs 249.95, reflecting a rise of Rs 11.9 or 5.0%. The stock has shown strong performance today, outperforming its sector by 5.06% and has gained 6.59% over the last two days. It opened with a gain of 2.02% and reached an intraday high of Rs 249.95. Additionally, the stock has consistently performed well over various time frames, with a year-to-date increase of 38.71% compared to the Sensex's 8.50%. However, there has been a notable decline in investor participation, with delivery volume dropping by 46.52% against the 5-day average, which could indicate a potential concern for future trading activity.
Broader Market Context: In the short term, Indo Borax & Chemicals Ltd has significantly outperformed the benchmark Sensex, which has only increased by 0.49% over the past week while the stock rose by 7.18%. This strong relative performance highlights investor confidence in the company despite the recent drop in delivery volume, suggesting that the stock's upward momentum is driven by positive sentiment and strong historical returns, particularly over the last three years where it has gained 99.72% compared to the Sensex's 41.87%.