Why is India Pesticides falling/rising?

As of 24-Jul, India Pesticides Ltd is experiencing a price increase, currently at Rs 228.70, reflecting a rise of 7.95 or 3.6%. The stock has shown strong performance today, outperforming its sector by 3.16% and reaching an intraday high of Rs 232, which is only 1.88% away from its 52-week high. Over the past week, the stock has gained 6.57%, while its year-to-date return stands at an impressive 26.25%. Positive financial results, including a 26.99% growth in net sales and significant increases in profit before tax and profit after tax, have likely contributed to investor confidence. Additionally, there has been an increase in institutional investor participation, which may further bolster the stock's performance despite a recent decline in delivery volume.
In the broader market context, India Pesticides Ltd has outperformed the Sensex, which has seen a slight decline of 0.09% over the past week. While the stock has shown resilience and positive momentum, it is important to note that its three-year performance has lagged behind the benchmark, with a decline of 17.18% compared to the Sensex's gain of 46.57%. This discrepancy highlights the stock's volatility and the potential for future fluctuations. Overall, the combination of strong recent financial results and increased institutional interest appears to be driving the current upward movement in the stock price.