Why is Indokem falling/rising?

As of 11-Jun, Indokem Ltd's stock price is rising, currently at Rs 228.10, reflecting an increase of Rs 20.1 or 9.66%. The stock has recently reached a new 52-week and all-time high of Rs 228.8, outperforming its sector by 9.7%. It has shown a strong performance over the past two days, gaining 20.18%, and has consistently traded above its moving averages across various time frames. Additionally, the company has reported impressive growth in operating profit and net sales, with a 757.38% increase in operating profit and a 488.89% growth in profit after tax over the last six months, contributing to positive investor sentiment.
In the broader market context, Indokem's short-term return of 21.33% over the past week significantly outpaces the Sensex, which has only increased by 1.87% during the same period. This strong performance is indicative of the company's ability to generate substantial returns, as evidenced by its 114.22% return over the last year, which also surpasses the broader market indices. The rising investor participation, with a notable increase in delivery volume, further supports the stock's upward trajectory, suggesting a robust demand for Indokem shares amidst favorable market conditions.