Why is India Pesticides falling/rising?

As of 22-Jul, India Pesticides Ltd is experiencing a decline in its stock price, currently at 223.45, which reflects a decrease of 1.8 or 0.8%. Despite this recent drop, the stock has shown positive performance over the past week and month, with returns of 4.59% and 7.14%, respectively. The stock is currently trading 4.27% away from its 52-week high of Rs 233. Although it has underperformed its sector today by 0.47%, it is noteworthy that India Pesticides is trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages. Additionally, there has been a significant increase in investor participation, with delivery volume rising by 265.38% compared to the 5-day average. The company also reported strong financial growth in its recent quarterly results, which may support its long-term outlook despite the current price decline.
In the broader market context, India Pesticides has outperformed the benchmark Sensex over the past week and month, with respective returns of 4.59% and 7.14% compared to the Sensex's -0.47% and -0.27%. This indicates that while the stock is facing a short-term decline, it has been performing well relative to the market in recent periods. The increase in institutional investor participation, with a 0.67% rise in stake over the previous quarter, suggests a positive sentiment towards the company's fundamentals, which could provide a buffer against the current price drop. Overall, while the stock is experiencing a short-term decline, its longer-term performance and institutional interest may support a more favorable outlook moving forward.