Why is India Pesticides falling/rising?

As of 21-Jul, India Pesticides Ltd's stock price is rising, currently at 225.25, reflecting an increase of 10.1 or 4.69%. The stock has shown strong performance recently, with a 1-week return of 10.04% and a 1-month return of 8.01%, significantly outperforming the Sensex, which has seen a slight decline of 0.06% and 0.25% respectively. Today's trading activity indicates that the stock is close to its 52-week high, just 3.44% away, and has outperformed its sector by 3.25%. Additionally, the stock has gained for the last two days, with a notable intraday high of Rs 229.7. Positive financial results, including significant growth in net sales and profit figures, along with an increase in institutional investor participation, have contributed to the stock's upward movement.
In the broader market context, India Pesticides Ltd's short-term performance stands in stark contrast to the Sensex, which has experienced negative returns over the same periods. While the stock has gained 10.04% in the last week, the Sensex has remained flat, indicating a strong relative performance. The company's low debt-to-equity ratio and the increasing stake of institutional investors, who are better equipped to analyze the company's fundamentals, further bolster investor confidence. However, it is worth noting that there has been a decline in delivery volume, suggesting a potential concern regarding investor participation in the stock. Overall, the combination of positive financial results, strong recent performance, and institutional interest has driven the stock's price upward.