Why is Indokem falling/rising?

As of 05-Sep, Indokem Ltd's stock price is rising, currently at Rs 479.75, reflecting an increase of Rs 9.4 or 2.0%. The stock has reached a new 52-week and all-time high today, outperforming its sector by 2.08%. It has shown a remarkable performance over the past week, gaining 27.2% and has been on a consecutive gain streak for the last seven days. The stock's performance is further highlighted by its impressive returns over various periods, including a 386.07% increase year-to-date and a staggering 457.91% rise over the past year. Positive financial results, including a 24.64% growth in net sales and a 7.30% return on capital employed, have contributed to the stock's upward momentum.
In the broader market context, Indokem's short-term performance significantly outpaces the benchmark, with a 21.15% increase over the past week compared to a mere 1.13% rise in the Sensex. This strong performance is indicative of rising investor confidence, as evidenced by a 102.48% increase in delivery volume against the five-day average. The company's consistent positive results over the last four quarters and healthy long-term growth prospects further bolster its attractiveness to investors, reinforcing the stock's upward trajectory amidst a generally stable market environment.