Why is Intl. Conveyors falling/rising?

As of 01-Jul, International Conveyors Ltd is experiencing a price increase, currently at Rs 97.26, reflecting a rise of 1.98 (2.08%). The stock has shown strong performance today, outperforming its sector by 2.77% and has been on a consecutive gain streak for the last 10 days, accumulating a total return of 10.17% during this period. It opened with a gain of 2.64% and reached an intraday high of Rs 98.8, indicating positive momentum. Over the past week, the stock has risen by 5.28%, and over the last month, it has increased by 17.96%, significantly outperforming the Sensex, which rose by 2.76% in the same timeframe. The company's low debt-to-equity ratio, impressive growth in net sales, and rising promoter confidence, with a 0.54% increase in stake, further bolster investor sentiment and contribute to the stock's upward movement.
In the broader market context, International Conveyors Ltd's short-term returns have notably outperformed the benchmark, with a 5.28% increase over the past week compared to the Sensex's 2.00% rise. This trend continues in the longer term, as the stock has generated a 17.07% return over the past year, significantly higher than the market's average return of 3.20%. The stock's strong performance is supported by rising investor participation, as evidenced by a 29.84% increase in delivery volume, and it is trading above all key moving averages, indicating robust market interest and liquidity.