Why is Sharda Cropchem falling/rising?

As of 30-Jul, Sharda Cropchem Ltd's stock price is currently at Rs 1,126.00, reflecting a decrease of Rs 28.35 or 2.46%. The stock has recently experienced a trend reversal, falling after 11 consecutive days of gains. It touched an intraday low of Rs 1,105.9, which is a decline of 4.2%. Despite this drop, the stock has shown strong performance over various periods, with a 1-week return of 27.28% and a 1-month return of 38.67%. The company has reported impressive financial results, including a 424.04% growth in net profit and positive results for the last five consecutive quarters, which contribute to its strong buy rating. However, the stock underperformed its sector by 2.93% today, and there has been a notable decrease in investor participation, with delivery volume falling by 36.7% against the 5-day average.
In the broader market context, while Sharda Cropchem has outperformed the Sensex over the long term, it is currently facing a short-term decline. The Sensex has decreased by 1.50% over the past week, indicating that the stock's recent performance is relatively strong compared to the benchmark. However, the stock's current price movement suggests that it is experiencing some profit-taking after a significant rally, which may be contributing to the recent decline. Overall, despite the short-term drop, the company's strong fundamentals and historical performance indicate a robust position in the market.