Why is India Pesticides falling/rising?

As of 03-Sep, India Pesticides Ltd is experiencing a price increase, currently at Rs 213.50, which reflects a rise of 1.45 (0.68%). The stock has shown positive momentum, gaining for the last three days with a total return of 1.18% during this period. It outperformed its sector by 0.82% today and reached an intraday high of Rs 217.35. Despite a negative return of -1.97% over the past week and -3.31% over the past month, the company has demonstrated strong fundamentals, including a significant net profit growth of 60.36% and positive results in the last two quarters. The low debt-to-equity ratio and increasing participation from institutional investors further support the stock's recent upward movement.
In the broader market context, while India Pesticides has underperformed the Sensex over the past week and month, it has outperformed the benchmark year-to-date with a return of +17.86% compared to the Sensex's +3.11%. This indicates that despite recent short-term challenges, the stock has maintained a strong performance relative to the market over a longer timeframe. The increase in investor participation, particularly from institutional investors, suggests a growing confidence in the company's fundamentals, which may contribute to its recent price rise.