Why is India Pesticides falling/rising?

As of 07-Jul, India Pesticides Ltd's stock price is currently at 211.75, reflecting a decrease of 0.45, or 0.21%. The stock has been on a downward trend, having fallen consecutively for the last four days, resulting in a total decline of 5.64% during this period. Despite this recent downturn, the stock has outperformed its sector by 0.79% today. Over the past week, the stock has decreased by 5.17%, while it has shown a positive return of 3.29% over the past month. Additionally, the company has reported strong financial growth, with net sales increasing by 26.99% and profits rising by 39.3%, which suggests that the stock is trading at a discount compared to its peers, despite its recent price decline.
Broader market context indicates that while India Pesticides Ltd has faced a short-term decline, the benchmark Sensex has only decreased by 0.20% over the same week, suggesting that the stock's performance is lagging behind the broader market. However, year-to-date, the stock has outperformed the Sensex with a return of 16.89% compared to the index's 6.79%. The stock's liquidity remains adequate, and rising investor participation, as evidenced by a 15.84% increase in delivery volume, may indicate potential for recovery. Overall, while the stock is currently experiencing a decline, its underlying financial health and market position suggest that it may be undervalued, warranting a hold for investors.