Why is India Pesticides falling/rising?

As of 30-Jun, India Pesticides Ltd's stock price is currently at Rs 223.30, reflecting an increase of Rs 2.6, or 1.18%. The stock has shown a positive trend today, gaining after two consecutive days of decline, and it reached an intraday high of Rs 233, marking a 5.57% increase. In the past week, the stock has risen by 4.35%, and over the past month, it has increased by 7.36%. Despite a year-to-date gain of 23.27%, the stock is down 3.92% over the past year and has seen a significant decline of 7.92% over the last three years. The company’s low debt-to-equity ratio and strong recent financial performance, including a 36.99% growth in net sales and a 39.3% increase in profit after tax, contribute positively to its recent price movement.
In the broader market context, India Pesticides Ltd's recent performance has outpaced the benchmark Sensex, which has increased by 2.09% over the past week and 2.65% over the past month. However, the stock is experiencing a decline in investor participation, with delivery volume falling by 71.16% compared to the five-day average, indicating a potential concern for liquidity. Despite this, the stock remains liquid enough for trading, and it is currently trading above all key moving averages, suggesting a bullish trend in the short term. Overall, while the stock has shown resilience and positive financial indicators, the drop in investor participation may pose challenges moving forward.