Why is Insecticid.India falling/rising?

As of 15-Oct, Insecticides India Ltd's stock price is currently at 720.50, reflecting an increase of 3.15 (0.44%). The stock has shown a trend reversal, gaining after two consecutive days of decline. However, it is trading lower than its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages. Despite a recent decline of 6.43% over the past month and a 14.23% drop over the past year, the company has reported positive financial results, including a 26.03% growth in profit after tax over the last six months and a strong return on capital employed (ROCE) of 16.77%. The stock's attractive valuation, with a price-to-book ratio of 1.9, suggests it is trading at a discount compared to its peers, which may contribute to the recent uptick in price.
In the broader market context, the stock's performance over the past week has been slightly negative at -0.34%, while the benchmark Sensex has increased by 1.02%. This indicates that Insecticides India Ltd is underperforming relative to the market in the short term. However, the rising investor participation, as evidenced by a 0.87% increase in delivery volume, suggests a growing interest in the stock despite its recent struggles. The liquidity of the stock remains adequate for trading, which may also support its price stability. Overall, while the stock has faced challenges, its recent positive financial performance and attractive valuation may be contributing to the current price increase.