Why is Indo Rama Synth. falling/rising?

As of 29-Jul, Indo Rama Synthetics (India) Ltd is experiencing a price increase, currently at Rs 51.05, which reflects a rise of 1.05 or 2.1%. Today's price summary indicates that the stock has outperformed its sector by 2.86% and has shown a trend reversal after three consecutive days of decline, reaching an intraday high of Rs 51.75. Despite this positive movement, the stock's performance over the past week is down by 0.87%, while it has gained 5.26% over the past month. The company has reported outstanding financial results, including a net profit growth of 275.79% and positive results for the last two consecutive quarters, which may contribute to the recent upward price movement.
In the broader market context, the stock's performance over the year shows a return of 6.62%, which is significantly better than the Sensex's flat return of -0.02%. While the stock has shown resilience with a year-to-date return of 23.61% compared to the Sensex's 4.09%, it has underperformed over the longer three-year period, declining by 18.39% against the Sensex's 41.28% increase. The stock's current liquidity is adequate for trading, but a notable decline in delivery volume suggests a potential decrease in investor participation, which could affect future price movements.