Why is Sharda Cropchem falling/rising?

As of 02-Sep, Sharda Cropchem Ltd's stock price is currently at 1,023.70, reflecting an increase of 48.1 points or 4.93%. The stock has been on an upward trend, gaining for the last three days with a total return of 9.37% during this period. It has outperformed its sector by 5.23% today and has shown significant volatility, trading within a wide range of Rs 123.4. The stock is also trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages. The company has reported impressive financial results, including a 424.04% growth in net profit and a strong cash position, which contributes to its positive market perception and supports the recent price increase.
In the broader market context, Sharda Cropchem has demonstrated a strong performance relative to the benchmark, with a 5.84% increase over the past week while the Sensex has declined by 0.78%. Over the past year, the stock has outperformed the Sensex significantly, generating an 84.73% return compared to the benchmark's decline of 2.91%. This consistent outperformance, coupled with a low debt-to-equity ratio and high ratings from MarketsMojo, indicates strong investor confidence in the company's future prospects, further driving the stock's upward movement.