Why is Dharmaj Crop falling/rising?

As of 17-Sep, Dharmaj Crop Guard Ltd is experiencing a decline in its stock price, currently at 332.80, which reflects a decrease of 4.4 points or 1.3%. Today's price summary indicates that the stock has underperformed its sector by 5.25%, despite being higher than the 100-day and 200-day moving averages. Over the past week, the stock has seen a return of -3.61%, while its performance over the last month is also negative at -1.42%. However, the company has reported strong financial health, with a significant growth in operating profit and net sales, which may provide a foundation for future recovery. The stock's attractive valuation, as indicated by its PEG ratio of 0.9, suggests it is trading at a discount compared to its peers.
In the broader market context, the Sensex has gained 1.56% over the past week and 2.60% over the past month, contrasting with Dharmaj's negative returns during the same periods. This divergence indicates that while the overall market is experiencing upward momentum, Dharmaj is lagging behind. The recent increase in investor participation, with delivery volume rising significantly, may signal potential interest in the stock despite its current decline. Overall, the combination of strong company fundamentals and broader market trends suggests that while the stock is currently falling, there are underlying factors that could support a rebound in the future.