Why is Dharmaj Crop falling/rising?

As of 25-Aug, Dharmaj Crop Guard Ltd's stock price is currently at Rs 374.00, reflecting an increase of 1.35 (0.36%). The stock has been on an upward trajectory, gaining 17.06% over the last nine days and achieving a new 52-week high of Rs 391.25 today. The stock's performance has been strong, with a 1-week return of 8.61% and a 1-month return of 22.32%, significantly outperforming the Sensex, which has only risen by 0.45% and 0.21% in the same periods, respectively. The company's robust financial health is underscored by a strong EBIT to Interest ratio of 11.95 and impressive growth in net sales and operating profit, which have increased at annual rates of 38.59% and 32.07%, respectively. However, there is a concern regarding falling participation from institutional investors, who have reduced their stake by 0.56% in the last quarter.
In the broader market context, Dharmaj Crop's recent performance has been notably strong compared to the Sensex, particularly in the short term, where it has outperformed the benchmark by a considerable margin. The stock's liquidity remains healthy, and rising investor participation, as indicated by a 66.8% increase in delivery volume, suggests growing interest among retail investors. Despite the positive financial indicators and strong stock performance, the decline in institutional investor participation could pose a risk to sustained growth. Overall, the combination of strong financial results and positive market sentiment has contributed to the stock's rising price.