Why is Coromandel Inter falling/rising?

As of 21-Aug, Coromandel International Ltd's stock price is rising, currently at 2,432.20, reflecting an increase of 13.75 or 0.57%. The stock has shown strong performance today, outperforming its sector by 0.33% and achieving a consecutive gain over the last two days with a total return of 2.18%. It reached an intraday high of Rs 2500, indicating positive momentum. Over the past week, the stock has increased by 3.26%, and it has also demonstrated impressive long-term growth, with a year-to-date return of 29.37% and a one-year return of 38.15%. The company's strong fundamentals, including a high average Return on Equity (ROE) of 21.78% and significant growth in net sales, further support the stock's upward movement. However, there is a noted decline in investor participation, with delivery volume dropping significantly.
In the broader market context, Coromandel International's short-term performance has outpaced the Sensex, which has only increased by 1.74% over the same week. The company's market-beating performance is underscored by its high institutional holdings of 30.15%, indicating confidence from knowledgeable investors. Despite the stock trading at a premium compared to its peers, the overall positive sentiment driven by strong financial results and growth prospects has contributed to its rising price. The stock's liquidity remains adequate, allowing for continued trading activity, which is essential for maintaining its upward trajectory.