Why is Indokem falling/rising?

As of 08-Sep, Indokem Ltd's stock price is currently at Rs. 489.30, reflecting an increase of Rs. 9.55, or 1.99%. The stock has been performing exceptionally well, having gained 29.74% over the last eight days and achieving a new 52-week and all-time high today. It has outperformed its sector by 2.08%. Additionally, the stock has shown impressive returns over various periods, including a year-to-date increase of 395.74% and a staggering 481.81% over the past year. However, there has been a notable decline in investor participation, with delivery volume dropping by 52.3% against the five-day average, which may indicate a potential concern for future momentum. In the broader market context, Indokem's short-term performance significantly outpaces the benchmark Sensex, which has only risen by 0.53% over the past week. This stark contrast highlights the stock's strong relative strength and investor interest despite the recent drop in delivery volume. While the overall market has shown modest gains, Indokem's remarkable returns over multiple time frames suggest a robust demand for its shares, contributing to its rising price.