Why is Dharmaj Crop falling/rising?

As of 19-Sep, Dharmaj Crop Guard Ltd is experiencing a decline in its stock price, currently at Rs 324.10, which reflects a decrease of Rs 7.65 or 2.31%. The stock has underperformed its sector by 2.54% today and has been on a downward trend for the last three days, accumulating a total loss of 3.88% during this period. It opened with a loss of 2.64% and reached an intraday low of Rs 316.1, indicating significant selling pressure. Over the past week, the stock has decreased by 7.13%, while its performance over the last month shows a decline of 7.72%. Despite a year-to-date increase of 25.33%, the recent negative momentum is compounded by a notable drop in investor participation, with delivery volume falling by 57.39% against the five-day average.
In the broader market context, the Sensex has shown resilience, gaining 0.88% over the past week and 1.20% over the past month, contrasting with Dharmaj's recent struggles. This disparity highlights the stock's underperformance relative to the market. While the company has demonstrated strong fundamentals, such as a healthy EBIT to interest ratio and impressive growth in net sales and operating profit, these positive factors have not translated into recent stock price stability. The stock is trading at a discount compared to its peers, and despite a PEG ratio of 0.9 indicating attractive valuation, the current market sentiment appears to be weighing heavily on its price, leading to the observed decline.