Why is Coromandel Inter falling/rising?

As of 11-Aug, Coromandel International Ltd's stock price is rising, currently at Rs 2,439.30, reflecting an increase of Rs 25.8 or 1.07%. Today's price summary indicates that the stock has outperformed its sector by 0.96% and has gained after three consecutive days of decline, reaching an intraday high of Rs 2,462.5. Over the past week, the stock has experienced a decline of 3.99%, but it has shown a positive trend over the last month with a return of 5.31%. The company boasts strong long-term fundamentals, with an average Return on Equity (ROE) of 21.78% and a healthy growth rate in net sales of 13.17%. Additionally, the stock has high institutional holdings at 30.15%, which may contribute to investor confidence.
In the broader market context, while Coromandel International has outperformed the Sensex in the long term, with a 43.81% return over the past year compared to the Sensex's 1.13%, it has faced a short-term challenge as indicated by its recent weekly performance. Despite this, the stock's liquidity remains adequate for trading, and its valuation, although considered expensive with a Price to Book Value of 6.5, is supported by strong fundamentals and significant institutional interest. Overall, the combination of positive financial results and strong market positioning appears to be driving the recent rise in the stock price.