Why is Indo Rama Synth. falling/rising?

As of 03-Nov, Indo Rama Synthetics (India) Ltd is experiencing a price increase, currently at Rs. 73.59, which represents a rise of 4.68 or 6.79%. The stock has recently hit a new 52-week high of Rs. 74.94 and has outperformed its sector by 6.01%. Over the past week, the stock has shown a strong performance with an increase of 11.96%, and it has also demonstrated significant growth over the past month with an 18.25% rise. However, there are signs of falling investor participation, as the delivery volume has decreased by 14.71% compared to the 5-day average, which may indicate a potential concern for sustained momentum.
Broader Market Context: In comparison to the benchmark Sensex, which has declined by 0.94% over the past week, Indo Rama Synthetics has significantly outperformed, highlighting its strength in the current market environment. Year-to-date, the stock has risen by 78.18%, while the Sensex has only increased by 7.47%. This stark contrast in performance suggests that the stock is gaining traction among investors, despite the recent drop in delivery volumes, which could affect liquidity and trading dynamics in the near term.