Why is Dhanuka Agritech falling/rising?

As of 11-Sep, Dhanuka Agritech Ltd's stock price is currently at 1,582.50, reflecting an increase of 10.95, or 0.7%. The stock has shown a positive trend recently, gaining for the last two days with a total return of 1.58%. However, it has underperformed in the longer term, with a 1-week decline of 2.23% and a 1-month decline of 3.41%. Despite this, the company exhibits strong fundamentals, including a high return on equity (ROE) of 22.08% and a low debt-to-equity ratio, which contribute positively to investor sentiment. Additionally, the company reported impressive quarterly results, with net sales growing by 20.01% and operating profit at its highest level, which may support the stock's recent upward movement.
In the broader market context, the stock's performance has been mixed compared to the benchmark Sensex, which has gained 1.03% over the past week while Dhanuka Agritech has declined by 2.23%. This indicates that while the stock is experiencing a short-term rise, it is still lagging behind the overall market trend. Furthermore, there has been a notable decrease in investor participation, with delivery volume falling significantly, which could suggest a lack of confidence among retail investors despite the high institutional holdings of 20.29%. This combination of factors illustrates a complex picture where the stock is rising in the short term but faces challenges in sustaining that momentum against a backdrop of broader market gains.