Why is Indo Rama Synth. falling/rising?

As of 06-Aug, Indo Rama Synthetics (India) Ltd is experiencing a price increase, currently at Rs 51.40, which reflects a rise of 1.69 or 3.4%. The stock has shown a trend reversal today, gaining after three consecutive days of decline. It outperformed its sector by 5.47% and reached an intraday high of Rs 51.8, indicating positive momentum. However, the stock's delivery volume has decreased significantly, falling by 58.33% compared to the 5-day average, suggesting a decline in investor participation. Over the past month, the stock has increased by 4.90%, while its year-to-date return stands at an impressive 24.46%, contrasting with a 3.08% increase in the benchmark Sensex.
In the broader market context, the stock's short-term performance has been relatively strong compared to the benchmark, as it has outperformed the Sensex over the past week with a decline of only 3.02% versus the benchmark's 1.15% drop. Despite the overall negative trend in the textile sector, which has fallen by 2.07%, Indo Rama Synthetics has managed to maintain a positive trajectory in the short term. However, the stock's performance over the last three years has been notably weaker, with a decline of 17.10% compared to the Sensex's gain of 37.95%. This mixed performance highlights the stock's volatility and the challenges it faces in maintaining investor interest amidst fluctuating market conditions.