Why is Dharmaj Crop falling/rising?

As of 28-Aug, Dharmaj Crop Guard Ltd's stock price is currently at Rs 368.70, reflecting an increase of Rs 3.75 or 1.03%. Today, the stock opened lower with a gap down of 3.82%, reaching an intraday low of Rs 346.1 before recovering to touch a high of Rs 379.05. Despite the initial drop, the stock has outperformed its sector by 2.25% today. Over the past week, the stock has shown a positive return of 0.92%, contrasting with the Sensex's decline of 2.34%. The company has demonstrated strong financial health, with a significant growth in operating profit and net sales, which has positively influenced investor sentiment. However, there is a concern regarding falling participation from institutional investors, which could impact the stock's stability.
Broader Market Context: In the context of the broader market, Dharmaj Crop's recent performance stands out, especially with a year-to-date return of 42.58%, while the Sensex has only gained 2.48%. This indicates that the stock is not only performing well relative to its historical benchmarks but also attracting retail investor interest, as evidenced by a 71.93% increase in delivery volume. The stock's ability to maintain a fair valuation compared to peers, despite a slight decline in institutional stakes, suggests that retail investors are currently driving its upward momentum.