Why is Rallis India falling/rising?

As of 25-Jul, Rallis India Ltd's stock price is currently at Rs 357.90, reflecting a decrease of Rs 9.25, or 2.52%. Today's performance indicates that the stock has underperformed its sector by 2.47%, with an intraday low of Rs 356.5, representing a decline of 2.9%. Despite this drop, the stock has shown strong performance over the past month, gaining 12.04%, and has outperformed the benchmark Sensex over the year with a return of 6.26%. The company recently reported positive financial results, with significant growth in profit after tax and net sales, which may support its valuation despite the current price decline. Additionally, the stock is trading at a discount compared to its peers, and high institutional holdings suggest confidence in its fundamentals.
In the broader market context, Rallis India's short-term performance has been weaker than the benchmark, as it has declined by 1.01% over the past week while the Sensex has only decreased by 0.36%. However, the stock has outperformed the Sensex over longer periods, including a 20.51% increase year-to-date compared to the benchmark's 4.25%. This indicates that while the stock is facing short-term challenges, its long-term trajectory remains positive, supported by strong institutional backing and improving financial metrics.