Why is IOL Chemicals falling/rising?

As of 27-Jun, IOL Chemicals & Pharmaceuticals Ltd is experiencing a price increase, currently at Rs 97.50, reflecting a rise of Rs 2.63 or 2.77%. The stock has shown strong performance today, outperforming its sector by 1.85%, and reached an intraday high of Rs 98.59, which is a 3.92% increase. Over the past week, the stock has gained 13.35%, and it has also delivered a remarkable 20.28% return over the past year, significantly exceeding the market's average return of 4.10%. Despite a decline in delivery volume by 26.05% against the 5-day average, the stock remains liquid enough for trading, supported by a low debt-to-equity ratio and positive quarterly results indicating strong sales and operating profit margins.
In the broader market context, the stock's short-term performance is notably robust compared to the benchmark, with a 1-week return of 13.35% against the Sensex's 2.00% increase. This substantial outperformance highlights investor confidence in IOL Chemicals, driven by its solid financial results and market-beating returns. However, the falling investor participation could be a concern for future trading activity, suggesting a need for monitoring as the stock continues to navigate its upward trajectory amidst a generally favorable market environment.