Why is Indo Rama Synth. falling/rising?

As of 09-Jul, Indo Rama Synthetics (India) Ltd is experiencing a price increase, currently at 52.02, reflecting a rise of 0.82 or 1.6%. The stock has shown strong performance recently, outperforming its sector by 1.61% today and achieving a consecutive gain over the last three days with a total return of 6.16%. Additionally, the stock is trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a positive trend. The company has reported significant growth in net profit of 275.79% and has declared positive results for the last two consecutive quarters, contributing to investor confidence. Furthermore, the stock is trading at a discount compared to its peers' average historical valuations, which may attract more buyers.
In the broader market context, Indo Rama Synthetics has outperformed the Sensex over the past week, with a return of 7.68% compared to the Sensex's 0.15%. However, it has underperformed over the past month with a decline of 2.73% against the Sensex's increase of 1.32%. Despite this, the year-to-date performance remains strong at 25.96%, significantly higher than the Sensex's 6.91%. The rising investor participation, evidenced by a 200.19% increase in delivery volume, further supports the stock's upward movement, indicating a growing interest among investors.