Why is India Pesticides falling/rising?

As of 01-Sep, India Pesticides Ltd's stock price is currently at 212.00, reflecting an increase of 1.0 (0.47%). The stock has recently shown a trend reversal, gaining after five consecutive days of decline. However, it has underperformed its sector by 0.79% today. Over the past week, the stock has decreased by 5.88%, and over the past month, it has fallen by 3.99%. Despite these short-term declines, the company has reported strong financial performance, including a 60.36% growth in net profit and a significant increase in net sales. Additionally, the stock's low debt-to-equity ratio and fair valuation compared to peers suggest a stable financial position, which may support its recent price increase.
In the broader market context, the stock's performance has been weaker than the benchmark Sensex, which has declined by only 1.56% over the past week and 0.29% over the past month. While India Pesticides Ltd has generated a negative return of 4.93% over the past year, its profits have risen significantly, indicating potential for recovery. The increase in institutional investor participation, with a 0.67% rise in their stake, may also provide a positive outlook for the stock, as these investors typically have more resources to analyze company fundamentals. Overall, while the stock has faced short-term challenges, its solid financial results and increasing institutional interest may contribute to its recent price rise.