Why is India Pesticides falling/rising?

As of 28-Jul, India Pesticides Ltd is currently priced at Rs 212.90, reflecting an increase of 1.0 (0.47%). The stock has shown a mixed performance recently, with a 1-week decline of 5.48% and a 1-month decrease of 3.53%. However, it has outperformed its sector today by 0.25%, reaching an intraday high of Rs 219.45, which is a 3.56% increase. The stock is trading above its 50-day, 100-day, and 200-day moving averages, although it is below its 5-day and 20-day moving averages. Notably, there has been a significant increase in investor participation, with delivery volume rising by 60.25% compared to the 5-day average. Positive financial results from the previous quarter, including a 26.99% growth in net sales and a 39.3% increase in profit after tax, along with a low debt-to-equity ratio and a favorable PEG ratio of 0.8, suggest a fair valuation and potential for growth, contributing to the stock's recent upward movement.
In the broader market context, India Pesticides Ltd has underperformed the benchmark Sensex over the past week and month, with declines of 5.48% and 3.53%, respectively, compared to the Sensex's decline of 1.59% and 3.77%. However, the stock has shown resilience year-to-date with a return of 17.53%, significantly outperforming the Sensex's 3.52% gain. The increasing participation from institutional investors, who have raised their stake by 0.67%, indicates a growing confidence in the company's fundamentals, which may help stabilize the stock's performance amidst broader market fluctuations.