Why is Coromandel Inter falling/rising?

As of 27-Jun, Coromandel International Ltd's stock price is rising, currently at 2,450.65, reflecting an increase of 171.6 or 7.53%. Today's performance indicates a trend reversal as the stock has gained after two consecutive days of decline. It reached an intraday high of Rs 2,543.15, showcasing a significant upward movement, while also demonstrating high volatility with an intraday range of Rs 334.75. The stock has outperformed its sector by 5.12% today, and its year-to-date return stands at an impressive 30.35%, significantly higher than the benchmark Sensex's 7.58% during the same period. Positive factors contributing to this rise include high management efficiency, a low debt-to-equity ratio, and strong financial results, with a notable growth in profit before tax and profit after tax in the latest quarter. However, the stock's valuation appears expensive compared to its peers, which may pose a risk.
Broader Market Context: In the short term, Coromandel International Ltd has outperformed the benchmark Sensex, with a weekly return of 6.07% compared to the Sensex's 2.00%. This outperformance is indicative of strong investor confidence, likely fueled by the company's robust financial health and significant institutional holdings. The fertilizer sector, in which Coromandel operates, has also seen a gain of 2.64%, contributing to the positive sentiment surrounding the stock. Overall, the combination of strong company fundamentals and favorable market conditions has led to the recent rise in Coromandel's stock price.