Why is Coromandel Inter falling/rising?

As of 20-Aug, Coromandel International Ltd's stock price is rising, currently at 2,418.45, reflecting an increase of 38.15 (1.6%). The stock has shown strong performance over various periods, with a 1-week return of 7.14% and a year-to-date return of 28.64%. However, today's performance indicates a slight underperformance against its sector, down by 0.79%. The stock reached an intraday high of Rs 2459.65, and while it is trading above its 5-day, 50-day, 100-day, and 200-day moving averages, it is below the 20-day moving average. Positive factors contributing to the stock's rise include strong long-term fundamentals, with an average Return on Equity (ROE) of 21.78% and significant growth in net sales. Additionally, high institutional holdings at 30.15% suggest confidence from knowledgeable investors, further supporting the stock's upward movement.
Broader Market Context: In the context of the broader market, Coromandel International Ltd has outperformed the benchmark Sensex, which has only gained 1.64% over the past week. Despite a recent decline in investor participation, as indicated by a 51.04% drop in delivery volume, the stock's robust fundamentals and market-beating performance, generating 38.59% returns over the past year compared to the BSE500's negative returns, highlight its resilience. The company's significant market capitalization and its position as a leader in the sector reinforce its attractiveness to investors, contributing to the ongoing rise in its stock price.