Why is India Pesticides falling/rising?

As of 30-Sep, India Pesticides Ltd is currently priced at 207.75, reflecting a decrease of 1.3, or 0.62%. Today, the stock opened with a gain of 2.2%, reaching an intraday high of Rs 213.65, but ultimately underperformed its sector by 0.51%. Over the past week, the stock has seen a significant decline of 8.52%, while its year-to-date performance remains positive at 14.68%. The company has reported strong financial results, including a 60.36% growth in net profit and positive results for the last two consecutive quarters, which may support its valuation despite the recent price drop. Additionally, the stock has a low debt-to-equity ratio and has seen increased participation from institutional investors, which could indicate confidence in its fundamentals.
In the broader market context, the Sensex has experienced a decline of 2.23% over the past week, suggesting that the stock's recent underperformance may be influenced by overall market conditions. While India Pesticides Ltd has outperformed the benchmark year-to-date, its short-term performance contrasts sharply with the benchmark's results, indicating that the stock's recent decline may be more reflective of sector-specific challenges rather than a complete loss of investor confidence.