Why is Indo Rama Synth. falling/rising?

As of 24-Jul, Indo Rama Synthetics (India) Ltd is experiencing a decline in its stock price, currently at 53.00, which reflects a decrease of 0.55 or 1.03%. Despite this drop, the stock has shown strong performance over the past month, with a return of 11.58%, and has outperformed the benchmark Sensex, which only increased by 0.16%. Today's price summary indicates that the stock is trading above its moving averages across various time frames, and there has been a significant increase in investor participation, with delivery volume rising by 770.93% compared to the 5-day average. The company has also reported impressive financial results, including a net profit growth of 275.79% and a return on capital employed (ROCE) of 10.60%, which suggests a solid operational performance.
In the broader market context, while Indo Rama Synthetics has underperformed its sector today by 1.05%, it has outperformed the market over the past year, generating a return of 18.12% compared to the BSE500's 0.99%. This indicates that, despite the current price decline, the stock has been resilient and has delivered substantial returns relative to the market. The company's fair valuation and trading at a discount to peers may also contribute to its attractiveness for investors, despite the recent price movement. Overall, the combination of strong financial results and historical performance suggests that the stock may be experiencing temporary fluctuations rather than a fundamental decline.