Why is Rallis India falling/rising?

As of 28-Jul, Rallis India Ltd is currently priced at Rs 359.70, reflecting an increase of Rs 1.8, or 0.5%. The stock has shown a strong performance over the past month, with a return of +10.54%, significantly outperforming the Sensex, which declined by -3.77% during the same period. Today's price summary indicates that the stock reached an intraday high of Rs 368.45, representing a 2.95% increase. However, there has been a notable decline in investor participation, with delivery volume dropping by -51.99% compared to the 5-day average. The company has recently reported positive financial results, with substantial growth in profit before tax and net sales, which, combined with a low debt-to-equity ratio and high institutional holdings, supports a favorable outlook for the stock.
In the broader market context, Rallis India has outperformed the benchmark Sensex over various time frames, including a +21.11% year-to-date return compared to the Sensex's +3.52%. Despite the recent dip in investor participation, the stock's long-term performance remains strong, particularly over the last three years, where it has achieved a +69.67% return against the benchmark's +42.27%. This consistent outperformance, along with the company's solid fundamentals and positive earnings growth, suggests that the stock is well-positioned in the market, contributing to its rising price trend.