Why is India Pesticides falling/rising?

As of 04-Aug, India Pesticides Ltd is experiencing a price increase, currently trading at 226.65, which reflects a rise of 5.36 or 2.42%. The stock has shown strong performance today, outperforming its sector by 0.99% and reaching an intraday high of Rs 227.7. Over the past week, the stock has gained 6.46%, while its one-month return stands at 6.81%. Positive financial results have contributed to this upward movement, with net sales growing by 36.99% and profit after tax increasing by 39.3% compared to previous quarters. Additionally, institutional investors have increased their stake, indicating growing confidence in the company's fundamentals, which may further support the stock's price.
In the broader market context, India Pesticides Ltd has significantly outperformed the Sensex, which has only increased by 0.16% over the past week. While the stock has shown a year-to-date return of 25.12%, the Sensex has only risen by 3.69% during the same period. This stark contrast highlights the stock's strong performance relative to the benchmark, suggesting that investor sentiment towards India Pesticides Ltd remains positive despite a recent decline in delivery volume, which fell by 40.07% against the five-day average. Overall, the combination of strong financial results and increased institutional participation appears to be driving the stock's recent rise.