Why is Indo Rama Synth. falling/rising?

As of 10-Jul, Indo Rama Synthetics (India) Ltd is experiencing a price increase, currently at 52.48, with a change of 0.46, representing a rise of 0.88%. The stock has been gaining momentum, having outperformed its sector by 1.18% today and achieving a consecutive gain over the last four days, resulting in a total return of 7.1% during this period. Additionally, the stock is trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating strong upward momentum. The company has reported significant growth in net profit, with a remarkable 275.79% increase, and has delivered positive results for the last two consecutive quarters, contributing to investor confidence and the stock's recent performance.
In the broader market context, Indo Rama Synthetics has outperformed the benchmark Sensex in the short term, with a 1-week return of 6.60% compared to a slight decline of 0.06% for the index. Year-to-date, the stock has generated a return of 27.07%, significantly higher than the Sensex's 6.46%. This strong performance is further supported by rising investor participation, as evidenced by a 48.44% increase in delivery volume. The stock's fair valuation, trading at a discount compared to peers, along with a high return on capital employed and inventory turnover ratio, reinforces its attractiveness to investors, contributing to the upward price movement.