Why is Indo Rama Synth. falling/rising?

As of 15-Jul, Indo Rama Synthetics (India) Ltd is currently priced at 49.98, reflecting a slight increase of 0.06 or 0.12%. The stock has shown a trend reversal, gaining after two consecutive days of decline. However, it has underperformed its sector by 1.22% today. In terms of returns, the stock has experienced a decline of 2.38% over the past week, but it has increased by 3.33% over the past month and has generated a year-to-date return of 21.02%. The company has reported strong financial performance, with a net profit growth of 275.79% and positive results for the last two consecutive quarters, contributing to its attractive valuation despite recent fluctuations.
Broader market context indicates that while Indo Rama Synthetics has underperformed in the short term compared to the benchmark Sensex, which fell by 1.36% over the past week, it has outperformed the index over the longer term with a year-to-date return significantly higher than the Sensex's 5.67%. The stock's liquidity remains adequate for trading, although there has been a notable decline in investor participation, with delivery volume falling by 34.87% against the 5-day average. This combination of strong financial results and a favorable long-term performance relative to the benchmark suggests that the stock's recent price movement may be influenced by both its solid fundamentals and current market dynamics.