Why is Indokem falling/rising?

As of 12-Nov, Indokem Ltd's stock price is currently at Rs 902.75, reflecting an increase of 31.8 points or 3.65%. The stock has recently reached a new 52-week and all-time high of Rs 910, demonstrating strong upward momentum. Over the past week, Indokem has gained 22.92%, and its year-to-date return stands at an impressive 814.64%. The company has shown consistent positive performance, with net sales growing by 24.64% in the last six months and a remarkable annual operating profit growth rate of 83.24%. Additionally, the stock has outperformed its sector by 4.21% today and has been on a gaining streak for the last eight days, accumulating a total return of 35.93% during this period.
In the broader market context, while the Sensex has only increased by 1.21% over the past week, Indokem's significant short-term return highlights its strong performance relative to the benchmark. The stock's liquidity is also favorable, with a delivery volume increase of 76.76% compared to the five-day average, indicating rising investor participation. This combination of strong fundamentals, positive quarterly results, and robust market performance has contributed to the stock's upward trajectory, distinguishing it from the broader market trends.