Why is Dharmaj Crop falling/rising?

As of 03-Jul, Dharmaj Crop Guard Ltd's stock price is currently at Rs 321.90, reflecting an increase of Rs 7.8 or 2.48%. The stock has shown a trend reversal, gaining after four consecutive days of decline. Today, it outperformed its sector by 1.21% and reached an intraday high of Rs 324, which is a 3.15% increase. Over the past month, the stock has appreciated by 13.65%, significantly outperforming the Sensex, which rose by only 3.10%. However, it is important to note that the stock's delivery volume has decreased sharply by 93.7% compared to the 5-day average, indicating a potential decline in investor participation. Additionally, while the company has a strong ability to service its debt and is trading at a discount compared to peers, its profits have fallen by 16.8% over the past year, which could be a concern for investors.
In the broader market context, the stock's short-term performance has been notably better than the benchmark, with a 1-week return of -2.40% compared to the Sensex's -0.62%. This suggests that while the stock has faced some recent challenges, it has managed to rebound today, indicating a potential recovery phase. Despite the positive movement, the lack of domestic mutual fund investment, which stands at 0%, may reflect a cautious sentiment among institutional investors regarding the stock's valuation and business outlook. Overall, while the stock is currently rising, the underlying factors such as declining profits and reduced investor participation could pose risks moving forward.