Why is Indokem falling/rising?

As of 29-Jul, Indokem Ltd's stock price is currently at 291.45, reflecting an increase of 5.7, or 1.99%. Today's price movement indicates a trend reversal as the stock has gained after eight consecutive days of decline. It is performing in line with its sector, which has seen a gain of 2.16%. Over the past week, however, the stock has decreased by 5.88%, while it has shown a strong performance over the longer term, with a year-to-date return of 195.29% and a one-year return of 234.62%. The company has reported significant growth in operating profit and net sales, contributing to its positive results over the last three quarters, which may have bolstered investor confidence despite a recent drop in delivery volume.
In the broader market context, Indokem's short-term performance has been notably better than the benchmark, as the Sensex has only declined by 1.03% over the past week. This suggests that while the stock faced a temporary setback, its long-term performance remains robust compared to the overall market. The company's impressive growth metrics, including a 488.89% increase in profit after tax over the last six months, further highlight its strong fundamentals, which could be driving the recent upward movement in its stock price despite the recent volatility.