Why is Phosphate Co falling/rising?

As of 16-Sep, The Phosphate Company Ltd is experiencing a price increase, with its current price at Rs 164.85, reflecting a rise of Rs 7.75 or 4.93%. The stock has outperformed its sector by 3.6% today and has shown a consecutive gain over the last two days, accumulating a total return of 5% in this period. Additionally, the stock is trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a strong upward trend. The company has reported positive financial results over the last three quarters, with a significant growth in profit after tax and net sales, which has contributed to a favorable valuation compared to its peers. Furthermore, the increase in promoter stake by 0.92% signals confidence in the company's future prospects.
In the broader market context, the stock has demonstrated robust performance relative to the benchmark, with a 1-week return of 5.61% compared to the Sensex's 1.58%. Over the past year, while the stock has generated a modest return of 0.64%, it has significantly outperformed the Sensex, which has declined by 0.73%. This trend of market-beating performance is evident over longer periods as well, with the stock showing a 61.86% return over three years compared to the benchmark's 40.01%. Despite a recent decline in investor participation, the overall positive financial indicators and rising promoter confidence suggest a strong foundation for continued growth.