Why is Indo Rama Synth. falling/rising?

As of 03-Jul, Indo Rama Synthetics (India) Ltd is experiencing a price increase, currently at 49.23, which reflects a rise of 0.92 or 1.9%. Today's price summary indicates that the stock has outperformed its sector by 1.13% and is trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages. Despite a recent decline in investor participation, with delivery volume falling by 31.67% against the 5-day average, the company has shown strong financial performance, including a remarkable 275.79% growth in net profit and positive results over the last two consecutive quarters. The stock's attractive valuation, trading at a discount compared to peers, along with a significant increase in profits, supports its recent upward movement.
In the broader market context, the stock's performance over the past week shows a slight decline of 0.65%, while the benchmark Sensex has also decreased by 0.62%. However, over the past month, Indo Rama Synthetics has gained 0.96%, contrasting with the Sensex's 3.10% increase. Year-to-date, the stock has outperformed the benchmark significantly, with a return of 19.20% compared to the Sensex's 6.53%. This indicates that while the stock may face short-term fluctuations, its strong financial results and favorable valuation contribute positively to its overall performance in the market.