Why is Rallis India falling/rising?

As of 29-Jul, Rallis India Ltd's stock price is rising, currently at Rs 379.85, reflecting an increase of Rs 20.15 or 5.6%. The stock has shown strong performance recently, with a 6.13% gain over the last two days and a 1.51% proximity to its 52-week high of Rs 385.6. In the past week, Rallis India has outperformed the sector by 3.57% and has consistently traded above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages. The company has also reported positive financial results, with significant growth in profit before tax and net sales, indicating a recovery after two consecutive negative quarters. Additionally, the stock's low debt-to-equity ratio and high institutional holdings suggest a solid foundation and confidence from larger investors.
Broader market context shows that while Rallis India has gained 4.74% over the past week, the benchmark Sensex has declined by 1.03%. Over the last month, Rallis India has outperformed the benchmark with a return of 16.73% compared to the Sensex's drop of 3.24%. This trend highlights the stock's resilience and strong market position, particularly in the Pesticides & Agrochemicals sector, which has gained 2.02%. Despite a decrease in delivery volume, the stock remains liquid enough for trading, further supporting its upward price movement. Overall, Rallis India's strong financial performance and favorable market conditions contribute to its rising stock price.