Why is IOL Chemicals falling/rising?

As of 12-Nov, IOL Chemicals & Pharmaceuticals Ltd is experiencing a price increase, with its current price at Rs 98.27, reflecting a rise of Rs 9.5 or 10.7%. Today's performance shows that the stock has outperformed its sector by 9.62%, marking a trend reversal after five consecutive days of decline. The stock opened with a gain of 5.01% and reached an intraday high of Rs 99.88. Over the past year, the stock has generated a return of 27.62%, significantly outperforming the broader market, which saw returns of only 6.33%. Additionally, the company maintains a low debt-to-equity ratio of 0.01, which supports its stability and attractiveness to investors.
In the broader market context, the stock's short-term return over the past week is +5.81%, compared to the Sensex's return of +1.21%, indicating a strong relative performance. However, over the past month, the stock has seen a decline of 3.66%, while the Sensex has increased by 2.38%. Despite this recent dip, the year-to-date performance of +20.90% further illustrates the stock's resilience compared to the market's +8.10% return. The rising investor participation, with a delivery volume increase of 4.1% against the five-day average, suggests growing confidence among investors, contributing to the stock's upward movement today.