Why is Indo Rama Synth. falling/rising?

As of 07-Jul, Indo Rama Synthetics (India) Ltd is experiencing a price increase, currently at 49.30, reflecting a change of 0.3 or 0.61% upward. The stock has outperformed its sector today by 1.27%, and it is trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages. Over the past week, the stock has shown a return of +2.92%, contrasting with the Sensex, which has declined by 0.20%. Despite a 6.22% drop over the past month, the stock has demonstrated strong year-to-date performance with a return of +19.37%. The company has reported significant growth in net profit and positive results for the last two consecutive quarters, contributing to its favorable valuation compared to peers.
In the broader market context, while Indo Rama Synthetics has outperformed the benchmark in the short term, the Sensex has shown a modest gain of 1.53% over the past month. The stock's strong performance is supported by a notable increase in investor participation, with delivery volume rising by 87.14% against the 5-day average. The company's robust financial metrics, including a 275.79% growth in net profit and a high return on capital employed, further bolster investor confidence, despite the stock's underperformance over the last three years compared to the benchmark.