Why is India Pesticides falling/rising?

As of 23-Jul, India Pesticides Ltd is experiencing a decline in its stock price, currently at Rs 220.75, reflecting a decrease of Rs 2.7 or 1.21%. The stock has underperformed its sector by 1.27% today and has been on a consecutive downward trend for the last two days, with a total drop of 2% in that period. Despite this recent decline, the stock has shown positive performance over the past week and month, with returns of 1.47% and 3.15% respectively. Additionally, the company has reported strong financial results, including a 26.99% growth in net sales and significant increases in profit before tax and profit after tax compared to previous quarters. However, there has been a decrease in investor participation, with delivery volume falling by 7.93% against the five-day average, which may be contributing to the stock's recent struggles.
In the broader market context, India Pesticides Ltd has outperformed the Sensex over the past week and month, with respective returns of 1.47% and 3.15% compared to the Sensex's 0.11% and 1.01%. However, the stock's longer-term performance has been less favorable, particularly over the three-year period where it has declined by 20.06%, while the Sensex has increased by 47.54%. The recent increase in institutional investor participation, with a 0.67% rise in their stake, suggests a positive outlook from more sophisticated investors, which may provide some support for the stock despite its current price decline.