Why is International Ge falling/rising?

As of 06-Nov, International Gemmological Institute (India) Ltd is experiencing a price increase, currently at Rs 368.25, which reflects a rise of Rs 33.1 or 9.88%. The stock has outperformed its sector by 11.16% today, opening with a gain of 2.66% and reaching an intraday high of Rs 368.65. Over the past week, the stock has shown a return of +8.50%, while its performance over the last month is +4.82%. Despite a year-to-date decline of -33.46%, the company maintains strong long-term fundamentals, evidenced by an average Return on Equity (ROE) of 40.21% and a low Debt to Equity ratio of 0 times, which supports investor confidence and contributes to the stock's recent upward movement.
In the broader market context, the Sensex has declined by -1.30% over the past week, indicating that International Gemmological Institute's stock is performing well against the benchmark. The stock's liquidity is also favorable, with a delivery volume increase of 1.19% compared to the 5-day average, suggesting rising investor participation. While the stock is trading above its 5-day, 20-day, 50-day, and 100-day moving averages, it remains below the 200-day moving average, indicating potential volatility. Overall, the stock's positive performance today and its strong fundamentals contrast with the broader market's recent struggles, highlighting its relative strength.