Why is Coromandel Inter falling/rising?

As of 30-Jun, Coromandel International Ltd's stock price is rising, currently at 2,502.60, reflecting an increase of 51.95 (2.12%). The stock has shown strong performance recently, gaining 9.81% over the last two days and outperforming the benchmark Sensex, which has risen by 2.09% over the same period. The stock reached an intraday high of Rs 2518, indicating positive momentum, while trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages. Additionally, the company has demonstrated high management efficiency with a return on equity of 21.78% and a low debt-to-equity ratio, which supports investor confidence. Positive financial results, including significant growth in profit before tax and profit after tax, further bolster the stock's appeal.
In the broader market context, Coromandel International's performance has significantly outpaced the Sensex, with a year-to-date return of 33.12% compared to the benchmark's 7.00%. The fertilizer sector, in which the company operates, has also seen gains of 2.12%, contributing to a favorable environment for the stock. The rising investor participation, evidenced by a substantial increase in delivery volume, indicates growing interest and confidence among investors. However, it is worth noting that the stock is trading at a premium compared to its peers, with a high price-to-book value and a PEG ratio of 4.6, suggesting that while the stock is performing well, it may be considered expensive relative to its earnings growth.