Why is Dharmaj Crop falling/rising?

As of 29-Aug, Dharmaj Crop Guard Ltd's stock price is currently at 370.00, reflecting an increase of 1.3 (0.35%). The stock has been gaining for the last two days, with a total return of 1.38% during this period. It reached an intraday high of Rs 377, indicating positive momentum, although it also touched a low of Rs 353.2 earlier in the day. Over the past month, the stock has shown a significant increase of 16.33%, contrasting with a decline of 1.84% in the Sensex. The company's strong financial metrics, including a healthy EBIT to Interest ratio and impressive growth in net sales and operating profit, support its positive performance. However, there is a noted decrease in institutional investor participation, which may pose a risk to sustained growth.
In the broader market context, Dharmaj Crop's short-term performance has outpaced the benchmark, as it has gained 16.33% over the past month while the Sensex has declined by 1.88%. This divergence suggests that the stock is performing well relative to the overall market, likely driven by its strong fundamentals and recent positive results. Despite the falling participation from institutional investors, which could indicate caution among more sophisticated market players, the stock's ability to maintain a fair valuation and generate consistent profits has contributed to its recent upward movement.