Why is Dharmaj Crop falling/rising?

As of 31-Oct, Dharmaj Crop Guard Ltd is experiencing a decline in its stock price, currently at Rs 282.05, reflecting a decrease of Rs 11.25 or 3.84%. The stock has underperformed its sector by 3.14% today and has been on a consecutive downward trend for the last four days, resulting in a total drop of 5.4% during this period. Despite the stock trading above its 200-day moving average, it is below its 5-day, 20-day, 50-day, and 100-day moving averages. Over the past week, the stock has fallen by 4.28%, while it has seen a more significant decline of 10.29% over the past month, contrasting with a positive return of 3.65% from the Sensex during the same timeframe. The company has shown strong operational performance, with a low Debt to EBITDA ratio and significant growth in net sales and operating profit, which could indicate potential for recovery.
In the broader market context, the stock's recent performance has been notably weaker than the benchmark, as it has declined while the Sensex has gained 3.65% over the past month. This divergence highlights the challenges faced by Dharmaj Crop Guard Ltd, despite its healthy long-term growth metrics and attractive valuation compared to peers. The recent increase in investor participation, as evidenced by a 39.93% rise in delivery volume, suggests some interest in the stock, but the overall negative price movement indicates that market sentiment remains cautious. The stock's year-to-date performance shows a modest gain of 9.07%, but the one-year return of -13.24% reflects ongoing concerns that may be influencing investor confidence.