Why is Indo Rama Synth. falling/rising?

As of 08-Jul, Indo Rama Synthetics (India) Ltd is experiencing a price increase, currently at Rs 51.20, reflecting a rise of 1.9 or 3.85%. The stock has shown strong performance today, outperforming its sector by 2.02% and has gained consecutively over the last two days, accumulating a total return of 4.49%. It opened with a gain of 2.23% and reached an intraday high of Rs 51.3. In terms of returns, the stock has increased by 5.79% over the past week, while it has a year-to-date return of 23.97%. The company has also reported significant growth in net profit and positive results over the last two quarters, contributing to its favorable valuation and investor interest.
In the broader market context, Indo Rama Synthetics has outperformed the Sensex, which has only seen a marginal increase of 0.02% over the past week. The stock's strong performance is further supported by rising investor participation, as evidenced by a 47.95% increase in delivery volume compared to the five-day average. Despite a decline of 2.61% over the past month, the stock's long-term performance remains robust, with a 204.76% increase over the last five years, indicating a solid recovery trajectory compared to the benchmark's 130.43% increase. Overall, the combination of positive financial results, strong recent performance, and favorable market conditions has contributed to the stock's rising price.