Why is Intl. Conveyors falling/rising?

As of 14-Jul, International Conveyors Ltd is experiencing a price increase, currently at Rs 97.34, reflecting a rise of Rs 7.38 or 8.2%. The stock has shown a positive trend today, gaining after two consecutive days of decline, and opened with a gain of 3.06%. It reached an intraday high of Rs 98.4, indicating strong buying interest. Over the past week, the stock has outperformed the Sensex, with a return of 4.68% compared to the benchmark's decline of 1.42%. The company has demonstrated robust performance with a 20.17% return over the past year, significantly outpacing the BSE500. Factors contributing to this rise include a low debt-to-equity ratio, impressive growth in net sales, and increased promoter confidence, as promoters have raised their stake by 0.54%.
In the broader market context, while International Conveyors has shown strong short-term performance, the Sensex has struggled, indicating a divergence in performance between the stock and the overall market. The stock's liquidity remains adequate, although there has been a decline in delivery volume, which could suggest a potential risk if investor participation continues to fall. Despite this, the company's strong fundamentals and market-beating performance in both the short and long term provide a solid foundation for its recent price movement.