Why is Intl. Conveyors falling/rising?

As of 15-Jul, International Conveyors Ltd's stock price is currently at Rs 99.88, reflecting an increase of Rs 2.54 or 2.61%. The stock has shown strong performance recently, gaining 11.03% over the last two days and outperforming its sector by 2.1% today. It has also touched an intraday high of Rs 100.87. Over the past week, the stock has risen by 9.65%, and it has consistently outperformed the benchmark Sensex, which has declined by 1.36% during the same period. The company's positive financial indicators, including a 109.28% growth in net sales and a 30.14% increase in profit after tax, along with rising promoter confidence as they increased their stake by 0.54%, contribute to the stock's upward movement.
In the broader market context, while the Sensex has shown a negative trend, International Conveyors Ltd has maintained a robust upward trajectory, particularly in the short term. The stock's performance over the last year has been impressive, generating a return of 24.17%, significantly outperforming the Sensex's 2.36% increase. This strong performance is supported by the company's low debt-to-equity ratio and high return on capital employed, indicating a solid financial foundation. Despite its high valuation metrics, the stock's consistent gains and positive investor sentiment suggest a favorable outlook compared to the broader market trends.