Why is IOL Chemicals falling/rising?

As of 11-Jul, IOL Chemicals & Pharmaceuticals Ltd is experiencing a price increase, currently at 91.23, with a change of 0.46 (0.51%) up. The stock has shown a positive performance today, outperforming its sector by 1.86% and has been gaining for the last two days, accumulating a total return of 0.55% during this period. Despite a decline of 2.56% over the past week and 1.95% over the past month, the stock has performed well year-to-date with a return of 12.24%. Additionally, the company reported its highest quarterly net sales and operating profit margins, which positively influences investor sentiment and supports the stock's recent upward movement.
In the broader market context, while the Sensex has declined by 1.12% over the past week and remained nearly flat over the past month, IOL Chemicals' performance has been relatively strong year-to-date compared to the benchmark, which has only increased by 5.58%. The stock's liquidity is adequate, with a delivery volume increase of 12.52% against the 5-day average, indicating rising investor participation. The company's low debt-to-equity ratio and strong quarterly results further bolster its position, suggesting that the recent price rise may be supported by both positive company fundamentals and favorable market conditions.