Why is India Pesticides falling/rising?

As of 17-Jul, India Pesticides Ltd is currently priced at Rs 214.60, reflecting a decrease of Rs 2.95 or 1.36%. The stock has underperformed its sector today by 2.83% and has experienced a trend reversal, falling after two consecutive days of gains. It touched an intraday low of Rs 212.4, which is a decline of 2.37%. Despite this drop, the stock is trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a generally positive trend over a longer period. Over the past week, the stock has increased by 4.00%, and year-to-date, it has risen by 18.47%. Positive financial results have been reported, with net sales growing by 36.99% and profits increasing significantly, contributing to a fair valuation compared to peers. Additionally, institutional investors have shown increased participation, which may provide some support to the stock's price.
In the broader market context, the Sensex has declined by 1.12% over the past week, while India Pesticides has outperformed this benchmark, suggesting that the stock's recent decline may be more related to short-term trading dynamics rather than overall market weakness. The stock's year-over-year performance shows a slight decline of 1.63%, contrasting with the Sensex's gain of 1.91%, indicating that while the stock has faced challenges, it has also shown resilience in terms of profit growth. The increased participation from institutional investors may provide a stabilizing effect, but the current price movement reflects a reaction to recent trading patterns and market sentiment rather than a fundamental deterioration in the company's financial health.