Why is India Pesticides falling/rising?

As of 01-Jul, India Pesticides Ltd is experiencing a price increase, currently at Rs 224.40, reflecting a rise of 1.1 (0.49%). The stock has shown a positive trend recently, gaining 1.68% over the last two days and opening with a 2.1% gain today. It is currently trading close to its 52-week high, just 4.81% away from Rs 235.2. The stock has outperformed the benchmark Sensex over the past week and month, with returns of +3.89% and +7.88%, respectively. Additionally, the company has reported strong financial growth, with net sales increasing by 36.99% and profit after tax growing by 39.3% compared to previous quarters, which supports the positive price movement.
Broader Market Context: The stock's recent performance has been favorable compared to the Sensex, which has returned +2.00% over the past week and +2.76% over the past month. This indicates that India Pesticides Ltd is gaining traction in a market that is also showing positive trends, albeit at a slower pace. The increase in investor participation, as evidenced by a 27.14% rise in delivery volume, suggests growing confidence in the stock, contributing to its upward price movement. Overall, while the stock has underperformed its sector slightly today, the combination of strong financial results and positive market sentiment has led to its current rise.