Why is Best Agrolife falling/rising?

As of 29-Jul, Best Agrolife Ltd's stock price is currently at 465.95, reflecting an increase of 23.95, or 5.42%. The stock has shown a trend reversal by gaining after three consecutive days of decline, and today it outperformed its sector by 3.39%. It reached an intraday high of Rs 482.4, indicating strong intraday performance despite a wide trading range of Rs 44.8. Over the past month, the stock has significantly outperformed the benchmark with a return of +43.81%, while the Sensex has declined by 3.24%. However, it has underperformed over the longer term, with a year-to-date return of -26.06%. Positive factors contributing to the recent rise include high management efficiency, a robust return on capital employed (ROCE) of 18.55%, and a notable growth in net sales over the last six months. Conversely, the stock's long-term growth prospects appear weak, with a decline in profits and a significant underperformance compared to the broader market over the past year.
In the broader market context, Best Agrolife's recent short-term performance contrasts sharply with the benchmark, as it has gained 5.42% today while the Sensex has seen a decline of 1.03% over the past week. This indicates that the stock is currently experiencing a positive momentum relative to the market. However, the stock's year-to-date performance remains concerning, as it has fallen significantly compared to the Sensex's modest gain of 4.09%. The liquidity of the stock is adequate for trading, but a decrease in investor participation, as evidenced by a 21.66% drop in delivery volume, suggests caution among investors. Overall, while the stock is rising in the short term, its long-term outlook remains uncertain due to previous underperformance and declining profits.