Why is Sharda Cropchem falling/rising?

As of 08-Aug, Sharda Cropchem Ltd is experiencing a decline in its stock price, currently at Rs 977.80, which represents a decrease of Rs 20.25 or 2.03%. The stock has been on a downward trend, having lost value for the last three days, resulting in a total decline of 13.58% during this period. Despite this recent downturn, the stock has shown strong performance over the longer term, with a year-to-date increase of 23.38% and a remarkable 79.33% rise over the past year. The stock's current price is above its 20-day, 50-day, 100-day, and 200-day moving averages, indicating that it has been performing well historically, although it is below the 5-day moving average. Additionally, there has been a rise in investor participation, with delivery volume increasing by 14.19% against the 5-day average, suggesting some ongoing interest despite the recent price drop.
In the broader market context, the stock's short-term performance has been notably weaker compared to the benchmark Sensex, which has only declined by 0.92% over the past week. The sector in which Sharda Cropchem operates, Pesticides & Agrochemicals, has also faced challenges, falling by 2.27%. This sector-wide decline may be contributing to the stock's recent struggles. Overall, while Sharda Cropchem has shown impressive long-term gains, the recent price movement reflects a combination of sector performance and short-term volatility, leading to its current decline.