Why is Dhanuka Agritech falling/rising?

As of 08-Aug, Dhanuka Agritech Ltd is currently priced at 1,603.25, reflecting an increase of 30.3, or 1.93%. The stock has shown a trend reversal today, gaining after two consecutive days of decline, and it outperformed its sector by 4.07%. The stock reached an intraday high of Rs 1609, indicating positive momentum. However, it is important to note that the stock's performance over the past week and month has been negative, with declines of 2.46% and 2.83%, respectively. Additionally, the stock has underperformed over the past year, down 12.17%, despite a strong performance over three years, where it gained 133.51%. The delivery volume has significantly decreased, falling by 59.61% compared to the five-day average, which may indicate reduced investor participation.
Broader Market Context: In comparison to the benchmark Sensex, which has declined by 0.92% over the past week and 4.60% over the past month, Dhanuka Agritech's short-term performance has been relatively better, although it still reflects a downward trend. The overall sector of Pesticides & Agrochemicals has also faced a decline of 2.17%, which may be contributing to the stock's volatility. Despite the stock being liquid enough for trading, the falling investor participation could signal caution among investors, impacting the stock's ability to maintain upward momentum in the face of broader market challenges.