Why is Indo Rama Synth. falling/rising?

As of 17-Jul, Indo Rama Synthetics (India) Ltd is experiencing a rise in its stock price, currently at Rs 52.30, reflecting an increase of 1.4 or 2.75%. The stock has been performing well recently, with a consecutive gain over the last three days, resulting in a total return of 4.77% during this period. It has outperformed its sector by 2.47% today and is trading above all its moving averages, indicating strong momentum. Additionally, the company has reported outstanding financial results, including a significant growth in net profit of 275.79% and positive results for the last two consecutive quarters, contributing to its favorable performance.
In the broader market context, Indo Rama Synthetics has shown a one-month return of 11.66%, significantly outperforming the Sensex, which only increased by 0.83% in the same period. While the stock has had a strong year-to-date performance of 26.63% compared to the Sensex's 5.27%, it is important to note that there has been a decline in investor participation, with delivery volume dropping by 49.81% against the five-day average. Despite this, the stock's overall market-beating performance and positive financial indicators suggest a solid position relative to its peers, contributing to the upward movement in its stock price.