Why is India Pesticides falling/rising?

As of 19-Aug, India Pesticides Ltd's stock is currently priced at 210.90, reflecting an increase of 2.5 (1.2%). The stock has shown a positive trend recently, gaining 2.2% over the last two days and outperforming its sector by 0.67%. Despite a decline of 3.30% over the past week and 1.98% over the past month, the company has reported strong financial results, including a 60.36% growth in net profit and record net sales of Rs 275.18 crore. Additionally, the stock's low debt-to-equity ratio and fair valuation compared to peers contribute positively to investor sentiment. However, there is a notable decline in investor participation, with delivery volume dropping significantly, which may raise concerns about liquidity.
In the broader market context, while India Pesticides Ltd has experienced a decline in short-term returns, the benchmark Sensex has gained 1.76% over the past week and is up 4.49% year-to-date. This contrast highlights the stock's underperformance relative to the market in the short term, despite its positive long-term growth indicators. The increase in institutional investor participation, which has risen by 0.67% over the previous quarter, suggests a growing confidence in the company's fundamentals, potentially supporting the stock's recent upward movement amidst broader market trends.