Why is Dharmaj Crop falling/rising?

As of 22-Aug, Dharmaj Crop Guard Ltd's stock price is rising, currently at Rs 372.65, reflecting an increase of Rs 7.3 or 2.0%. The stock has been on an upward trend, gaining for the last eight consecutive days and achieving a total return of 16.64% during this period. It opened with a gain of 2% today and is only 4.32% away from its 52-week high of Rs 388.75. The stock has outperformed its sector by 1.82% today and is trading above all key moving averages, indicating strong momentum. Additionally, the company has demonstrated robust financial health, with significant growth in net sales and operating profit, which has positively influenced investor sentiment.
In the broader market context, Dharmaj Crop's one-week return of +10.38% significantly outpaces the Sensex's +0.88%, showcasing its strong performance relative to the benchmark. Despite a slight decrease in institutional investor participation, the company's solid fundamentals, including a healthy EBIT to interest ratio and a favorable PEG ratio, support its valuation and growth prospects. This combination of strong recent performance and positive financial indicators contributes to the stock's rising price.