Why is Indokem falling/rising?

As of 11-Jul, Indokem Ltd's stock price is rising, currently at Rs. 316.30, reflecting an increase of Rs. 6.2 or 2.0%. The stock has reached a new 52-week and all-time high today, demonstrating strong performance with a 14.6% return over the last seven days. It has outperformed its sector by 2.74% today and has consistently traded above its moving averages across various time frames. The company has shown remarkable growth in operating profit and has declared positive results for the last three consecutive quarters, contributing to its strong upward momentum.
In the broader market context, Indokem's short-term performance stands in stark contrast to the Sensex, which has declined by 1.12% over the past week. While the stock has generated a substantial 220.47% return year-to-date and 255.39% over the past year, the Sensex has only increased by 5.58% during the same period. This significant outperformance highlights Indokem's strong market position and investor confidence, further supported by rising investor participation and liquidity in trading.