Why is Rallis India falling/rising?

As of 24-Jul, Rallis India Ltd's stock price is rising, currently at 367.15, reflecting an increase of 9.75 or 2.73%. The stock has shown strong performance today, outperforming its sector by 2.29% and reaching an intraday high of Rs 371.95, which is a 4.07% increase. Over the past week, Rallis India has gained 4.19%, and its one-month return stands at an impressive 19.98%. The company recently reported positive financial results, with a significant growth in profit after two consecutive negative quarters, which has likely contributed to the stock's upward movement. Additionally, the stock is trading above all key moving averages, indicating a strong bullish trend, despite a decline in delivery volume.
Broader Market Context: In comparison to the benchmark Sensex, which has seen a slight decline of 0.09% over the past week, Rallis India has demonstrated a robust short-term return. The stock's performance is further bolstered by high institutional holdings at 25.6%, suggesting confidence from more knowledgeable investors. The company's low debt-to-equity ratio and fair valuation relative to peers also support its positive outlook. Overall, Rallis India's market-beating performance over various time frames, coupled with strong fundamentals, positions it favorably against broader market trends.