Why is Intl. Conveyors falling/rising?

As of 27-Jun, International Conveyors Ltd is currently priced at 94.08, reflecting an increase of 0.46 (0.49%). The stock has been on an upward trend, gaining for the last eight days and achieving a total return of 6.57% during this period. Despite today's performance showing a slight underperformance against its sector by -0.39%, the stock is trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a strong bullish sentiment. The company has reported impressive growth metrics, including a 109.28% increase in net sales and a 23.94% growth in profit after tax, which, combined with rising promoter confidence—evidenced by a 0.54% increase in their stake—suggests a positive outlook for the company.
In the broader market context, International Conveyors has outperformed the benchmark Sensex over various time frames, including a 3.04% increase over the past week compared to the Sensex's 2.00% rise and a year-to-date return of 12.28% versus the Sensex's 7.58%. This strong performance relative to the benchmark indicates that investor sentiment remains favorable towards the stock, despite a recent decline in delivery volume, which has fallen by 25.5% against the 5-day average. Overall, the combination of solid financial results, low debt levels, and increased promoter confidence contributes to the stock's upward trajectory in a generally positive market environment.