Why is Insecticid.India falling/rising?

As of 14-Jul, Insecticides India Ltd's stock price is rising, currently at 979.85, reflecting an increase of 13.85 or 1.43%. The stock has been on an upward trend, gaining for the last four consecutive days with a total return of 5.19% during this period. It has outperformed its sector by 1.23% today, reaching an intraday high of Rs 986.85. The company has shown strong financial performance, with positive results for the last five quarters, including a significant growth in profit before tax and return on capital employed. Additionally, the stock is trading at a discount compared to its peers, which contributes to its attractive valuation. However, there are concerns regarding falling investor participation, as delivery volume has decreased significantly.
In the broader market context, Insecticides India Ltd has outperformed the benchmark index, Sensex, with a one-week return of +2.71% compared to the benchmark's -1.42%. Over the past month, the stock has risen by 11.44%, while the Sensex has only increased by 1.40%. This strong performance relative to the market indicates that investor sentiment towards Insecticides India Ltd remains positive, despite some risks associated with its long-term growth potential. Overall, the stock's recent gains can be attributed to its solid financial results and favorable valuation metrics, which have resonated well with investors amidst a challenging market environment.