Why is Indo Rama Synth. falling/rising?

As of 16-Jul, Indo Rama Synthetics (India) Ltd is experiencing a rise in its stock price, currently at 50.90, with a change of 0.92, reflecting an increase of 1.84%. The stock has shown positive performance today, outperforming its sector by 1.31% and has been gaining for the last two days, accumulating a total return of 1.96% during this period. Over the past month, the stock has increased by 4.78%, significantly outperforming the Sensex, which has risen by only 1.02%. The company has reported outstanding financial results, including a remarkable 275.79% growth in net profit, and has declared positive results for the last two consecutive quarters. This strong financial performance, coupled with attractive valuation metrics such as a high return on capital employed (ROCE) of 10.60% and a favorable inventory turnover ratio, has contributed to the stock's upward movement.
In the broader market context, the stock's recent performance contrasts with the benchmark, as it has generated a return of 10.82% over the past year, significantly higher than the BSE500's return of only 0.47%. Despite a decline in investor participation, with delivery volume falling by 67.31% against the 5-day average, the stock remains liquid enough for trading. The positive sentiment surrounding Indo Rama Synthetics is further supported by its strong financial metrics and market-beating performance, which have likely bolstered investor confidence, contributing to the stock's rise amidst a generally challenging market environment.