Why is India Pesticides falling/rising?

As of 03-Jul, India Pesticides Ltd is currently priced at 214.80, reflecting a decrease of 9.2 points or 4.11%. The stock has been underperforming, having fallen consecutively for the last two days with a total decline of 4.28%. Despite opening with a gain of 2.12% today and reaching an intraday high of Rs 228.75, it also touched a low of Rs 212.55, indicating high volatility with an intraday fluctuation of 5.68%. Over the past week, the stock has declined by 2.78%, while its performance over the last month shows a modest increase of 3.10%. The company's recent financial results indicate strong growth in net sales and profits, yet the stock has generated a negative return of 5.67% over the past year, which may contribute to investor hesitation.
In the broader market context, the Sensex has seen a slight decline of 0.62% over the past week, which suggests that the stock's short-term performance is lagging behind the benchmark. The stock's liquidity remains adequate for trading, but a significant drop in delivery volume by 56.77% against the five-day average indicates falling investor participation. Although the company has a low debt-to-equity ratio and is trading at a discount compared to its peers, the overall market sentiment and recent stock performance may be influencing investors to adopt a cautious stance.