Why is Agro Phos India falling/rising?

As of 23-Sep, Agro Phos India Ltd is experiencing a rise in its stock price, currently at 45.21, reflecting an increase of 1.15 or 2.61%. The stock has outperformed its sector by 3.2% today and is trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating strong momentum. Over the past week, the stock has surged by 12.97%, while its performance over the year shows a modest gain of 1.87%. The company has reported outstanding results, including a remarkable 427.63% growth in operating profit and positive results for the last three consecutive quarters, which have contributed to its attractive valuation and recent price increase.
In the broader market context, Agro Phos India's short-term performance contrasts sharply with the Sensex, which has declined by 0.28% over the past week. While the stock has shown resilience with a year-to-date increase of 12.38%, the benchmark has risen by 6.45% in the same period. The company's low debt-equity ratio of 0.44 times and a high return on capital employed (ROCE) of 13.98% further bolster investor confidence, suggesting that the stock is trading at a discount compared to its peers. This combination of strong financial performance and favorable market conditions has likely contributed to the stock's upward movement.