Why is Rallis India falling/rising?

As of 12-Aug, Rallis India Ltd's stock price is currently at Rs 370.80, reflecting an increase of Rs 11.8 or 3.29%. The stock has shown a positive performance today, having outperformed its sector by 3.18% and gaining 3.66% over the last two days. It opened with a gain of 2.49% and reached an intraday high of Rs 373.85. Over the past month, the stock has risen by 7.85%, while year-to-date, it has achieved a notable increase of 24.85%. The company has recently reported strong financial results, with significant growth in profit before tax and net sales, which has likely contributed to the positive sentiment surrounding the stock. Additionally, the low debt-to-equity ratio and high institutional holdings indicate a solid financial foundation and investor confidence.
In the broader market context, Rallis India's short-term performance has been relatively strong compared to the benchmark, as it has outperformed the Sensex by 1.12% over the past week, while the benchmark has declined by 0.59%. Despite this, there has been a notable decrease in investor participation, with delivery volumes falling by 47.94% against the five-day average, which may raise concerns about liquidity. However, the stock's ability to maintain a position above its moving averages and its historical performance, which includes a 64.84% increase over the past three years, suggests that it is well-positioned in the market despite the recent decline in trading volume.