Why is Innocorp falling/rising?

As of 03-Jul, Innocorp Ltd's stock price is currently at 5.69, reflecting an increase of 0.25 or 4.6%. The stock has been on an upward trend, gaining for the last three days and achieving a remarkable 13.8% return over the past week. Additionally, it has outperformed its sector by 4.84% today. The stock's performance is also notable in the context of its returns over various periods, showing a 6.75% increase year-to-date and a 9.00% rise over the past year. The delivery volume has increased significantly, indicating rising investor participation, while the stock remains liquid enough for trading.
In the broader market context, Innocorp's short-term performance stands in stark contrast to the Sensex, which has declined by 0.62% over the past week. While the stock has shown positive momentum, the benchmark's performance has been relatively flat, suggesting that Innocorp's gains are driven by company-specific factors rather than overall market trends. The stock's performance over the last month and year also indicates resilience, with returns exceeding those of the Sensex during these periods.