Why is Indokem falling/rising?

As of 27-Jun, Indokem Ltd's stock price is rising, currently at Rs 268.60, reflecting an increase of Rs 11.75 or 4.57%. The stock has recently hit a new 52-week and all-time high of Rs 268.8 today, and it has outperformed its sector by 2.43%. Over the last four days, the stock has gained 17.81%, and it opened with a gap up of 4.3%. Additionally, Indokem is trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages. The company has shown 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 its positive momentum.
In the broader market context, Indokem's short-term performance has significantly outpaced the benchmark, with a 15.18% return over the past week compared to the Sensex's 2.00%. The stock has also demonstrated exceptional long-term performance, generating a 172.14% return year-to-date and a staggering 3383.79% over the last five years, indicating strong investor confidence. The Dyes & Pigments sector has also seen a gain of 2.13%, further supporting Indokem's rise. The increase in delivery volume by 67.16% against the 5-day average suggests rising investor participation, which is likely contributing to the stock's upward trajectory.