Why is Rallis India falling/rising?

As of 23-Jul, Rallis India Ltd's stock price is currently at 357.40, reflecting a decline of 5.25 points or 1.45%. Today's price summary indicates that the stock underperformed its sector by 1.51%, with an intraday low of Rs 353.5, marking a decrease of 2.52%. Despite this drop, Rallis India has shown strong performance over the past week, with a return of 1.61%, and a significant increase of 16.08% over the past month. The company has recently reported positive financial results, including a 129.63% growth in profit after tax and a 95% increase in profit before tax, which may support its valuation despite the current price decline. However, a notable decrease in investor participation, with delivery volume falling by 75.62% compared to the 5-day average, could be contributing to the stock's downward movement.
In the broader market context, Rallis India's recent performance has outpaced the Sensex, which only saw a 0.11% increase over the past week. The stock has also demonstrated strong long-term performance, outperforming the BSE500 over the last three years and generating a 4.56% return in the past year. While the stock is trading at a discount compared to its peers and has high institutional holdings at 25.6%, the current decline in price may reflect short-term market fluctuations rather than a fundamental weakness in the company's financial health. Overall, the combination of strong long-term performance and recent positive results suggests that the stock's current decline may be temporary, influenced by reduced trading volume and sector underperformance.