Why is Indo Rama Synth. falling/rising?

As of 11-Jul, Indo Rama Synthetics (India) Ltd is experiencing a decline in its stock price, currently at 51.80, reflecting a decrease of 0.68 or 1.3%. Despite this recent drop, the stock has shown a strong performance over the past week with a return of 5.71%, and it has outperformed the benchmark Sensex, which fell by 1.12% during the same period. The stock has been trading above its moving averages across various time frames, indicating a generally positive trend prior to this decline. Additionally, the company has reported significant growth in net profit and positive results over the last two quarters, contributing to a strong year-to-date return of 25.42%, which is substantially higher than the Sensex's 5.58%.
In the broader market context, while Indo Rama Synthetics has demonstrated impressive returns over the past year, outperforming the BSE500 with an 11.95% return compared to the market's 0.52%, the stock's recent price movement suggests a trend reversal after four consecutive days of gains. The increase in investor participation, as evidenced by a 43.19% rise in delivery volume, indicates ongoing interest in the stock, despite the current decline. The stock's fair valuation relative to peers and its strong financial metrics, such as a high return on capital employed and inventory turnover ratio, suggest that the fundamentals remain solid, which may support a recovery in the stock price moving forward.