Why is Indokem falling/rising?

As of 12-Jun, Indokem Ltd's stock price is rising, currently at Rs 245.50, reflecting an increase of Rs 17.4 or 7.63%. The stock has recently hit a new 52-week and all-time high of Rs 248, demonstrating strong performance with a 29.35% gain over the last three days. It has outperformed its sector by 8.01% today and opened with a gain of 3.42%. The stock's performance is further highlighted by impressive returns over various periods, including a 148.73% increase year-to-date and a staggering 2968.75% rise over the past five years. The company has also reported significant growth in operating profit and net sales, contributing to positive investor sentiment.
Broader market context indicates that while Indokem has shown remarkable short-term performance, with a 30.24% increase over the past week, the benchmark Sensex has only risen by 0.31% during the same period. This stark contrast emphasizes Indokem's strong market position and investor confidence, especially as it has consistently outperformed the BSE 500 over the last three years, one year, and three months. The rising investor participation, with a notable increase in delivery volume, further supports the stock's upward trajectory, reinforcing its appeal in the current market environment.