Why is Phosphate Co falling/rising?

As of 25-Sep, The Phosphate Company Ltd is experiencing a price increase, currently at 155.00, reflecting a rise of 3.3 or 2.18%. Today's performance indicates that the stock has outperformed its sector by 2.68%, opening with a gain of 2.18% and reaching an intraday high of Rs 155. The stock has maintained this price throughout the trading session. Despite a 4.32% decline over the past week and a 3.12% drop over the past month, the company has shown positive results in the last three consecutive quarters, with a significant growth in profit after tax and net sales. Additionally, the rising investor participation, evidenced by a 579.68% increase in delivery volume, and the promoters' increased stake in the company signal strong confidence in its future prospects.
In the broader market context, while The Phosphate Company Ltd has underperformed the Sensex in the short term, with a 1-week return of -4.32% compared to the benchmark's -2.23%, its long-term performance remains robust, with a 63.16% increase over the past three years. The stock is currently trading at a discount compared to its peers, and despite a weak long-term fundamental strength indicated by an average ROCE of 7.21%, the attractive valuation and rising profits may contribute to a positive sentiment among investors. Overall, the combination of strong quarterly results, increased promoter confidence, and significant investor interest appears to be driving the stock's recent upward movement.