Why is Sharda Cropchem falling/rising?

As of 25-Jul, Sharda Cropchem Ltd's stock price is rising, currently at 1,088.35, reflecting an increase of 179.8, or 19.79%. The stock has recently hit a new 52-week and all-time high of Rs. 1090.25 and has shown strong performance today, outperforming its sector by 19.84%. Over the past nine days, the stock has gained 39.41%, and its year-to-date return stands at 37.33%, significantly higher than the Sensex's 4.25%. The company has reported impressive financial results, including a 424.04% growth in net profit and a consistent positive performance over the last five quarters, contributing to its strong buy sentiment among investors.
In the broader market context, Sharda Cropchem's short-term return of 29.37% over the past week contrasts sharply with the Sensex, which has declined by 0.36%. This indicates that the stock is not only performing well on its own but is also gaining traction against a backdrop of a generally weaker market. The company's low debt-to-equity ratio and high return on equity further enhance its appeal, positioning it favorably compared to its peers. Overall, the combination of strong financial performance, rising investor participation, and favorable market conditions has contributed to the stock's upward movement.