Why is Coromandel Inter falling/rising?

As of 24-Jul, Coromandel International Ltd's stock price is rising, currently at 2,438.85, reflecting an increase of 121.85 or 5.26%. The stock has shown strong performance today, outperforming its sector by 2.88%, and reached an intraday high of Rs 2,459.95, which is a 6.17% increase. Over the past week, the stock has gained 4.18%, while its year-to-date return stands at an impressive 29.73%. The company has demonstrated robust fundamentals, with a strong long-term average Return on Equity (ROE) of 21.78% and significant growth in net sales, which increased by 48.92% in the latest quarter. Additionally, high institutional holdings at 30.15% indicate confidence from larger investors, further supporting the stock's upward movement.
In the broader market context, while the Sensex has seen a slight decline of 0.09% over the past week, Coromandel International's performance has significantly outpaced this benchmark. The fertilizer sector, in which the company operates, has also gained by 2.31%, contributing to the positive sentiment around Coromandel. Despite a decrease in investor participation, with delivery volume falling by 34.79% against the five-day average, the stock remains liquid enough for trading. Overall, the combination of strong financial results, positive institutional sentiment, and sector performance has driven the stock's rise, even as it trades at a premium compared to its peers.