Why is Rallis India falling/rising?

As of 19-Aug, Rallis India Ltd's stock price is currently at Rs 373.80, reflecting a decrease of Rs 5.8 or 1.53%. The stock has recently underperformed its sector by 2.06% and touched an intraday low of Rs 371.1, indicating some selling pressure. Despite this, Rallis India has shown strong performance over the past year, generating a return of 9.81%, and has outperformed the BSE500 index over various time frames, including 3 years and 1 year. The company has recently reported positive financial results, with significant growth in profit before tax and net sales, which could support its valuation. However, a decline in investor participation, as evidenced by a 9.14% drop in delivery volume, may be contributing to the recent price decline.
In the broader market context, Rallis India's short-term performance over the past week shows a gain of 0.81%, while the benchmark Sensex has increased by 1.76%. This indicates that while the stock has been performing relatively well in the short term, it is still lagging behind the broader market. The company's low debt-to-equity ratio and high institutional holdings suggest a stable financial position, which could attract long-term investors despite the recent price drop. Overall, while the stock has strong fundamentals and a history of market-beating performance, current selling pressure and reduced trading volume may be influencing its recent decline.