Why is Indokem falling/rising?

As of 04-Sep, Indokem Ltd's stock price is rising, currently at Rs 470.35, reflecting an increase of Rs 19.35 or 4.29%. The stock has recently hit a new 52-week and all-time high of Rs 472.6 and has been on a consecutive gain streak for the last six days, accumulating a total return of 24.71% during this period. The stock has significantly outperformed its sector by 4.39% today, and its performance over the past week shows a remarkable increase of 20.99%, while the stock has generated a staggering 376.55% return year-to-date. Positive financial results, including a 24.64% growth in net sales and a consistent increase in operating profit, have contributed to the stock's upward momentum.
In the broader market context, Indokem's short-term performance stands in stark contrast to the Sensex, which has only increased by 0.80% over the past week. This indicates that Indokem is not only outperforming the market but also demonstrating strong investor confidence, as evidenced by a 102.48% increase in delivery volume compared to the five-day average. The stock's liquidity is adequate for trading, further supporting its price rise. Overall, the combination of strong financial performance, consistent gains, and rising investor participation has propelled Indokem's stock price upward, distinguishing it from the broader market trends.