Why is Sharda Cropchem falling/rising?

As of 01-Aug, Sharda Cropchem Ltd is currently priced at 1,103.00, reflecting a decrease of 19.5 or 1.74%. The stock has been experiencing a downward trend, having fallen for the last three days with a total decline of 4.45%. Despite this recent drop, the stock has outperformed its sector today by 1.56% and has shown strong performance over the past month, with a return of 37.02%. Additionally, the company has reported impressive financial results, including a net profit growth of 424.04% and positive results for the last five consecutive quarters, which contribute to its strong buy rating. However, the stock's recent decline may be influenced by a significant drop in investor participation, with delivery volume falling by 78.16% against the five-day average.
In the broader market context, Sharda Cropchem's short-term performance contrasts with the benchmark Sensex, which has declined by 1.06% over the past week. While the stock has shown resilience with a 1.35% increase in the same timeframe, the overall sector, Pesticides & Agrochemicals, has also experienced a decline of 3.36%. This suggests that while Sharda Cropchem has strong fundamentals and long-term growth potential, the current market conditions and sector performance may be contributing to its recent price drop.