Why is Sharda Cropchem falling/rising?

As of 28-Jul, Sharda Cropchem Ltd's stock price is rising, currently at 1,100.00, reflecting an increase of 11.65 (1.07%). The stock has recently hit a new 52-week high of Rs 1158.95 and has shown strong performance, gaining 40.9% over the last 10 days. It has outperformed its sector by 0.85% today and has consistently generated impressive returns, with a 95.63% increase over the past year. The company's financial health is robust, evidenced by a 424.04% growth in net profit and positive results over the last five consecutive quarters. Additionally, the stock's low debt-to-equity ratio and high cash reserves contribute to its strong buy rating, further supporting its upward price movement.
In the broader market context, Sharda Cropchem's short-term performance stands in stark contrast to the benchmark Sensex, which has declined by 1.59% over the past week. The stock's remarkable 39.95% increase over the past month also highlights its resilience compared to the Sensex's 3.77% drop. This significant outperformance indicates strong investor confidence and participation, as reflected in the 698% increase in delivery volume. Overall, Sharda Cropchem's strong financial results and consistent performance have positioned it favorably against a backdrop of broader market challenges.