Why is Indo Rama Synth. falling/rising?

As of 12-Aug, Indo Rama Synthetics (India) Ltd is experiencing a slight decline in its stock price, currently at 51.00, reflecting a decrease of 0.05 or 0.1%. Despite this minor drop, the stock has shown resilience in the short term, outperforming its sector by 0.47% today. Over the past week, the stock has increased by 2.60%, while its one-month performance shows a decline of 1.54%. The company has reported strong financial results, including a remarkable 275.79% growth in net profit and positive results for the last two consecutive quarters, contributing to a favorable return of 10.87% over the past year, despite a broader market decline.
In the broader market context, the stock has outperformed the benchmark Sensex, which has declined by 0.59% over the last week and 2.75% over the past month. The stock's year-to-date performance of 23.49% significantly surpasses the Sensex's 2.68%, indicating strong relative strength. However, there are signs of falling investor participation, as evidenced by a 10.05% drop in delivery volume compared to the five-day average. This decline in trading activity may be contributing to the stock's current price movement, despite its attractive valuation and positive financial indicators.